Conservative Economic Commentary | Topic: Ben Bernanke

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Subject: Ben Bernanke

Ben Shalom Bernanke (born December 13, 1953) is an American economist. Bernanke succeeded Alan Greenspan as the Chairman of the United States Federal Reserve on February 1, 2006. He was nominated for a second term by President Barack Obama in 2009 as the Chairman of the Federal Reserve. [Wikipedia]

Watching the Fed

Bernanke’s “exit strategy” and inflation

By John Schroy, on July 21st, 2009 |

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Sweeping up worthless currency: Hungary 1946.

Despite massive government spending programs, without a clear plan for financing the deficit, Ben Bernanke continues to promise low interest rates for an extended period.

This suggests that Ben doesn’t understand that, even in inflation, there are ups and downs in employment and the business cycle. Low interest rate encourage the ‘Carry Trade’, not domestic employment.

So, what is Ben’s ‘exit strategy’ that will avoid the inflation that is being set up by Obama’s spending?

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The nuclear option

How the US may avoid inflation

By John Schroy, on May 15th, 2009 |

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The Obama administration is passing deficit spending programs of such magnitude that inflation is inevitable unless steps are taken to remove money that will be pumped into the economy as the government pays its bills.

The classical solutions are to sell government bonds, increase taxes, or increase bank reserve requirements. The last tactic can be extremely effective if carried to the extreme. This is what I call ‘The Nuclear Option’.

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