Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (68685)	10/30/2005 5:14:21 PM
From: Elroy Jetson	Read Replies (1) of 74559

I think Bernanke, like Alan Greenspan, is very adept in chameleon-like behavior - becoming like whoever is currently in power. I'm sure this will serve him well in his job at the Federal Reserve. My problem with Bernanke is that I fear he believes the nonsense peddled by Milton Friedman, that the problems caused by excessive debt (the "Money Supply") can be easily solved by additional debt issuance (an increase in the "Money Supply"). A small child could point out the insanity of this scheme. I hold out a thin hope that Bernanke also sees Friedman as a fraud and Bernanke was the guest speaker at Milton Friedman's birthday only in an insincere attempt to cozy up to Friedman and any influence he may have. .

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