Bubblicious Bernanke

The Washington Post has a real good piece of journalism on why Ben Bernanke should not be reappointed Fed chief. It’s not correct to say it was the Fed’s failure, but more importantly and accurately, the Fed’s culpability in bringing about the whole bubble, of course bubbles don’t exist in Econ 400 and above. Yves Smith has some good comments.

Make no mistake, everything the Fed has done in response to the popping has been an attempt to blow a larger bubble with global currencies, keep that in mind as the coronation of Mr. Bernanke goes forth.