FOMC Day! Get Your Programs!

________

Bernanke was the only cause, I proved, of the Great Recession and probably acted on purpose. He had the knowledge (Bernanke is a specialist of the Great Depression), the means, motive (The gigantic power he has received thanks to The Great Recession.), and opportunity.Worse, in light of the exercise of the central bank extraordinary power by Bernanke, I argue that he poses a real immediate threat to democracy, peace, privacy and individual freedom.Given the immediate dangers that are evoked in these lines I strongly suggest that you revoke Bernanke.“I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed.“Prof. Ben Shalom Bernanke<a

Japanese Monetary Policy: A Case of Self-Induced Paralysis?For Presentation at the ASSA Meetings, Boston MA,January 9th, 2000.“The slowdown in economic activity, together with high interest rates, was in all likelihood the most important source of the stock market crash that followed in October.

Of course, the stock market crash only worsened the economic situation, hurting consumer and business confidence and contributing to a still deeper downturn in 1930.”

Governor Ben S. Bernanke
Money, Gold, and the Great Depression.
At the H. Parker Willis Lecture in Economic Policy, Washington and Lee University,
Lexington, Virginia.
March 2nd, 2004

________

________

Bernanke was the only cause, I proved, of the Great Recession and probably acted on purpose. He had the knowledge (Bernanke is a specialist of the Great Depression), the means, motive (The gigantic power he has received thanks to The Great Recession.), and opportunity.Worse, in light of the exercise of the central bank extraordinary power by Bernanke, I argue that he poses a real immediate threat to democracy, peace, privacy and individual freedom.Given the immediate dangers that are evoked in these lines I strongly suggest that you revoke Bernanke.“I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed.“Prof. Ben Shalom Bernanke<a

Japanese Monetary Policy: A Case of Self-Induced Paralysis?For Presentation at the ASSA Meetings, Boston MA,January 9th, 2000.“The slowdown in economic activity, together with high interest rates, was in all likelihood the most important source of the stock market crash that followed in October.

Of course, the stock market crash only worsened the economic situation, hurting consumer and business confidence and contributing to a still deeper downturn in 1930.”

Governor Ben S. Bernanke
Money, Gold, and the Great Depression.
At the H. Parker Willis Lecture in Economic Policy, Washington and Lee University,
Lexington, Virginia.
March 2nd, 2004

________