Wednesday, January 22, 2014

In praise of The Bernank..............

Full thank you note here.  Wee excerpt here:

Bernanke threw the kitchen sink at the problem in 2008 and it worked. The money supply did not fall, the banking system did not fail, we made it through.

And the extraordinary/unconventional policy actions of the Fed did not unleash the inflationary genies we were warned would follow.

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