The "Thoughts" of Helicopter Ben Bernanke

To contact us Click HERE
Planet Moron did the heavy lifting--reading Bernanke's stupidity-drooling.

...keep in mind, the Fed’s actions are in no way political. In fact, inresponse to the suggestion that the Fed should stop interfering so aggressivelyin the markets and allow rates to rise, Mr. Bernanke said:

“Using monetarypolicy to try to influence the political debate on the budget would be highlyinappropriate.”
Exactly. Were the Fed to cease intervening in markets andallow interest rates to float at normal levels so that prices could adjust andmarkets could go through the painful but efficient process of healing asmarket-clearing prices are established, it would clearly “influence the politicaldebate” and be “highly inappropriate.” 

In contrast, actively forcing on the markets historically unprecedentedlow interest rates and running the printing presses so as to purchasegovernment bonds withthe express purpose of inflating financial asset prices just one monthbefore a presidential election regardless of the long-term consequences is 100%non-partisan straightforward policy making.

Buy.  More.  Ammo.