He had the most thankless job if there ever were one. Its a shame most people will still hate his guts even though he steered the ship away from the biggest iceberg into a smaller one
word, his entire job is to make sure that the biggest group of degenerate gamblers (wall street) doesnt hit the fan. all while being unable to impose regulations that would help them achieve that. the literal retards in congress have that power. its usually the case that they dont even have the power to intervene until something shocks the system
TARP has always concerned us. The system collectively was the root of the crisis. Obviously it crashed. The system went in and scooped up the debris. They were the beneficiaries of what they let happen. Now here we are 16 yrs later. The real estate market is still a mess. Everyone is watching. The next crisis is near.
He did cause the Second Great Depression though, what do you think QE Infinity has done? All in the name of "stimulus" aka GDP, when what produces growth is proportional wealth distributions. Yikers. CPI was hedonically adjusted, he doesn't account for this. Also when most people discus inflation they mean monetary supply increase, which has increased 3-4 times, they aren't discussing CPI increases, which will inevitably show up later regardless, even if wages increase to compensate you still end with a deflated dollar, unless monetary supply is contracted to realign with population needs. Even if that occurs you still have proportional theft over the duration causing the Second Great Depression. On unemployment, again the statistics have been effected by redefinition, underemployed also needs to be factored in, but it's not as simple as supplying main street with additional liquidity to resolve this, a people's QE would have been more effective as funds go directly to consumer.
Ben Bernanke opposes student loan relief because "some" with student loans go on to make lots of money. Then why not suggest a income limit to whom receives relief? Oh, is it because you are full of it and just want money funneled to rich people?
Around 2008-2011 he was definitely the most important/powerful person in the world.
Thats what you think, thats what you have been told. lol
He had the most thankless job if there ever were one. Its a shame most people will still hate his guts even though he steered the ship away from the biggest iceberg into a smaller one
what
word, his entire job is to make sure that the biggest group of degenerate gamblers (wall street) doesnt hit the fan. all while being unable to impose regulations that would help them achieve that. the literal retards in congress have that power. its usually the case that they dont even have the power to intervene until something shocks the system
He steered the ship away from an iceberg into a bigger one that's yet to come.
No. Creating heaps of $ to try avoid an iceberg kicks the can down the road and makes the problem much much worse
I don’t think you understand what he did lmao
TARP has always concerned us. The system collectively was the root of the crisis. Obviously it crashed. The system went in and scooped up the debris. They were the beneficiaries of what they let happen. Now here we are 16 yrs later. The real estate market is still a mess. Everyone is watching. The next crisis is near.
So..... You get an f because you did the responsible thing, makes me so glad I'm unsuccessful.
I’m a magician, Spencer
What a fuckin OG. Thank Mr. Bernke
If Bernanke was the Chairman in the 30s, we'd still be in the Great Depression.
The problem with qe is it works in practice but does not work in theory.
??? What? Did you mean to say the opposite?
I think people underestimate how bad things could have got without some of these interventions
right lol the same retards who cant get through econ 101 are the ones who dislike this man and the fed
yeah dodge the tree into a 200 ft canyon nice dodge
host kinda lookes like keynes
Keynes is what one might call 'a queer fish' at some point, nothing like this chap...
Yeah oldnstyle hair style.
how much was he paid for the appearance? he should be in Jail.
the only thing he did was hit the Print button
What makes you think that?
@@spind4 quantitative easing...
He did cause the Second Great Depression though, what do you think QE Infinity has done?
All in the name of "stimulus" aka GDP, when what produces growth is proportional wealth distributions. Yikers.
CPI was hedonically adjusted, he doesn't account for this.
Also when most people discus inflation they mean monetary supply increase, which has increased 3-4 times, they aren't discussing CPI increases, which will inevitably show up later regardless, even if wages increase to compensate you still end with a deflated dollar, unless monetary supply is contracted to realign with population needs.
Even if that occurs you still have proportional theft over the duration causing the Second Great Depression.
On unemployment, again the statistics have been effected by redefinition, underemployed also needs to be factored in, but it's not as simple as supplying main street with additional liquidity to resolve this, a people's QE would have been more effective as funds go directly to consumer.
I only listen to Fed Chairs when they are under Oath.
नमस्कार जय हिंद जय महाराष्ट्र शिवाजी भाष्टे मुंबई तुम्हाला हार्दिक शुभेच्छा आणि थ्री एस लक्की सप्टेंबर शेलिना शिवाजी
Sometimes the ends don't justify the means.
reminds me of my 1st grade teacher mrs bernake ,,, funny hahaha
Ben Bernanke opposes student loan relief because "some" with student loans go on to make lots of money. Then why not suggest a income limit to whom receives relief? Oh, is it because you are full of it and just want money funneled to rich people?