Person of the year
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@EatLessThanC Actually he isn't, you are misinformed.
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END THE FED
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he grill that bernanke so nice and i was laughing hard
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Greenspan started all of this hero worship because he's an egomaniac who needed the attention.
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I think it is very appropriate that Ben is time's person of the year Hitler was also blessed with that title.But lets face it folks if Time had a segment on giving out to the best leader for America it is a no contest it would be Ron Paul. Perhaps Peter schiff his VP.
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ALL credit-expansionary policies are counterproductive. Say the BoE reduces rates to 1%. Bob who borrows from a commercial bank will be able to increase his monthly loan and pay the same amount of interest as before the rate cut. Thus, he has a free lunch and acts ambitiously, buying more production goods. But the FRBs giving out that money do so as printed FIAT credit so prices later rise offsetting increased purchasing power but Bob ACTED as if his PPower HAD increased: arise, malinvestment!
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I'm a busy Canadian in the chemical sciences, and it's even obvious to me that Ben Bernanke is one of the worst people in the world right now.
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who gives a **** what he is, this guy predicted the Financial collapse while the greatest minds and powers in the world were enjoying their short term employment
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Schiff is for expanding entitlements? That's news to me.
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Peter is person of the year.
A fan from the UK.
hitman40912 2 years ago 6
TIme mag is the perfect counter indicator. If they say it, it is over or wrong, etc.
pismo10 2 years ago 6