http://www.lewrockwell.com/north/north565.html
Bernanke’s Speech on September 18
by Gary North
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“We need a return to the free market. No more central bank follies in trying to set an appropriate interest rate – any interest rate. Let borrowers and lenders work this out among themselves. Why should anyone trust a group of academic economists with tenured positions in a government-created monopoly? I can’t think of a good reason.”
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The Learned Lord North’s attempt to put words into “Helicopter” Ben’s mouth is amusing. At least, there’s no record of him advocating the Gold Standard like Greenspan and losing his mind when he became Fed Chairman. Like Darth Vader, Greenspan turned to the dark side — fiat money. Ben is just inexperienced in the obfuscation. When this Ponzi scheme runs out, maybe the people will be in the streets looking for someone’s head. I’m sure that all the FED will be “off shore”.
No, until we get honest money, we will all be poor and tempest tossed. The only humor is what are the Chinese going to do with 5T of worthless green paper.
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