The road of excess leads to the palace of wisdom. - Wm. Blake

Thursday, June 08, 2006

Well, at least I'm not nuts.

But Bernanke very well may be.

I asked Prof. DeLong about the issue raised in my earlier post, and he kindly responded:
Yep, I don't understand it, but Ben Bernanke feels like he has to talk like an inflation hawk...

I might add that, on Marketplace the other day, whoever was talking to Kai Ryssdal suggested that the Fed may simply be uninformed about the actual state of the economy. Refreshing thought, no?


Post a Comment

<< Home