Radical Left-Wing Central Banker Gets Increasingly Shrill
This is a great graphic put together by Kevin Drum, who calls it “The Ben Bernanke Congress-ometer” (go read the original post for context):
Remember: Ben Bernanke was appointed by George W. Bush. Prior to that he headed Bush’s Council of Economic Advisers. For all intents and purposes, he’s a Republican. It’s interesting to note that, (1) unlike his fellow Party members, Bernanke’s job prospects do not directly hinge on stagnant growth and incomes (in fact, if you listen to the GOP debates, re-election of the current incumbent might provide Bernanke with more job security), and (2) unlike most of his fellow Party members, Bernanke seems not to have abandoned, sometime around January 2009 (a date whose significance escapes me for the moment), the belief that fiscal policy can stimulate growth.
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Too funny!
Imagine a time when “mainstream” Republican economists didn’t actually believe in “expansionary austerity”, confidence faries and santa claus