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To: ChanceIs who wrote (150250)4/28/2011 9:45:00 AM
From: Bearcatbob1 Recommendation  Read Replies (4) | Respond to of 206184
 
Bernanke is in a tough position. By law he has an unworkable dual mandate. He has a legal requirement to foster full employment and control inflation. By government standards there is no or little inflation. Hence - by law he has to keep money cheap.

Now - perhaps a principled position would be to resign. However, failing that - he is simply following the law. The dual mandate IMO is the problem.

Bob



To: ChanceIs who wrote (150250)4/28/2011 3:39:45 PM
From: Madharry  Respond to of 206184
 
good for you. sad to say i probably wasted much of my education time studying courses that were either useless to me in my future endeavours or were just worthless like economics classes or finANCE courses based upon the efficient markets hypothesis.


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