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View Diary: CSI: Federal Reserve (221 comments)

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  •  Still a big improvement over Greenspan (4+ / 0-)
    Recommended by:
    Devilstower, ablington, vassmer, lams712

    At least Bernanke notices things like income inequality, even if it perplexes him so.

    •  Actually (0+ / 0-)

      I thought greenspan commented on income inequality once and mentioned that it was threat to the country.

      "If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy" - James Madison

      by Hotspur18 on Wed Feb 07, 2007 at 11:11:47 AM PST

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      •  Many times actually (0+ / 0-)

        it's just that his solution like Bernanke's is education, education, education. I wonder how much of the productivity of the American worker is already due to education--with damn little payback!

        Happy the man and happy he alone--he who can call today his own ... John Dryden

        by ohiolibrarian on Wed Feb 07, 2007 at 02:51:56 PM PST

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      •  I think it was actually (0+ / 0-)

        Bill McDonough (sp?) President of the Federal Reserve Bank of New York you're thinking of.

        I tried to google it, unsuccessfully. Apparently, the Federal Reserve Bank of Kansas City held a symposium on income inequality in 1998. I guess it didn't accomplish much. Of course, that assessment depends entirely on the perspective I'm taking. Richard Mellon Scaife probably thinks differently on this topic than I.  

        Telling a conservative the truth does about as much good as shoveling fleas across a barnyard. - The shade of A. Lincoln

        by NBBooks on Wed Feb 07, 2007 at 04:20:26 PM PST

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    •  Some, but not much.... (1+ / 0-)
      Recommended by:
      Canadian Reader

      He likes to play stupid about the possible causes of the economic difficulties the US is currently facing.

      I saw Bernie Sanders question Bernanke a few weeks ago about the trade deficit.  Bernanke actually had the gall to say that our current trade deficit ($800 billion annually?-please correct if my memory is bad) was in no way a result of current US trade policy.  He didn't seem to have any idea how it could have happened.

      The meek shall inherit nothing. -F.Zappa

      by cometman on Wed Feb 07, 2007 at 11:31:11 AM PST

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    •  Greenspan really sucked.... (1+ / 0-)
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      ...and even though the "Wall Street types" basically sanctify him a god, he was indeed a political "HACK" (as Harry Reid called him). Greenspan handcuffed the Clinton administration when is came to domestic spending (for "liberal" things like public works, healthcare, education, etc.) citing concerns for the rising national debt, but he basically gave Bush a green light to run up the largest deficits in national history.

      "...if my thought-dreams could be seen, they'd put my head in a guillotine...."

      by lams712 on Wed Feb 07, 2007 at 12:16:44 PM PST

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