This is not brand new but the testimony occurred this week during two hearings. See this explanation: Screwed Again: America is not a class room at Princeton Bernanke thinks he's in a class room presenting a theory to students. In case his theory is wrong in a class room, so what? He's playing with real money in the real world. He's not playing with it he's destroying it but Americans are kept in the dark by the media who watch the same hearing I did.