Wednesday 6 March 2013

Central Bankers - Clever People?

Below is a link to an old Youtube video of Ben Bernanke. He and his peers (King etc) were blind to the risks of loose monetary policy back in 2005, and it is obvious from his subsequent actions that the penny still hasn't dropped.

Why on earth do we trust these people with our monetary policy? They have no clue. If they worked in private sector banking with Bob Diamond and Fred Goodwin they would have been sacked like dogs long ago.


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