Bernanke's Pretense Of Knowledge

[Kevin_Kennedy]

We must be patient with our wise men at the Fed and the Treasury, we are told. Monetary policy takes time to work, but, rest assured, the mistakes of the 1930s will not be made again. Ben Bernanke is an expert on the Great Depression, we're told over and over. He knows how make sure it doesn't happen again. Hayek refutes the claim.

Ben Bernanke's Pretense of Knowledge - Doug French - Mises Institute

 

[Paulie]

The Federal Reserve has to constantly be making moves and staying involved, because otherwise, if they did nothing and things got better, they'd be exposed as being unnecessary and irrelevant.

 

[editec]

The service is unavailable.

My God, that's ironic.

Of course the Mises institute WOULD be a private website, wouldn't it?

 

[Paulie]

My God, that's ironic.

Of course the Mises institute WOULD be a private website, wouldn't it?

Relax Ed, the server is down.

I was already on the site earlier reading the article. The site is free and public.

So quick to pull that trigger though, huh?

 

[Paulie]

Ed, you've never actually even been to the Mises page before, have you?

 

[Kevin_Kennedy]

My God, that's ironic.

Of course the Mises institute WOULD be a private website, wouldn't it?

It seems to be working fine now, if you still want to read the article.