"Ben Bernanke Has Never Gotten Anything Right," Peter Schiff Says: Fed Officials Respond

Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate.

That's just what occurred last Sunday night in New York at an event sponsored by Princeton's Business Today.

Predictably, Euro Pacific Capital's Schiff disagreed with Bullard and Blinder on just about everything, including the government's role in causing the crisis, and the outlook for the economy and the dollar.

But the most contentious moment came toward the end of the evening when a student asked the panel to comment on Ben Bernanke's 2005 "global savings glut" theory, and what role China's high saving rate played in the credit bubble.

Schiff's response, "Ben Bernanke has never gotten anything right," generated some guffaws from the crowd and a sharp retort from Blinder and Bullard, who rose to Bernanke's defense.

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[2000warrior]

"Ben Bernake got a lot of things right"

"What? Name one."

"I don't think we have enough time"

- The time it takes to remember one thing Bernake got right is more than we have.

[AxiomaticObserver]

"...Ben Bernanke got a lot of things right."

"WHAT?"

"What?"

"Yeah, name one."

"I don't think we have enough time for that."

LOL! Fail.

[IxenBlaze]

Technocrats usually are complete idiots that are deceptive enough to make even bigger idiots believe they are smart

[983215ljhlkadbspig6y]

It's so easy to be in Schiff's position; that is, a position stationed in Reality. I feel sorry for the minions of The Lie; because when they are faced with people who are rooted in Reality, they have no way out and they end up looking like fools.

[USTreasuryBond]

Go Peter! You tha man!

[USTreasuryBond]

Innovative? We don't need an innovative monetary policy, we had that.

[MONOPOLY35]

Ben Bernanke is just like the Pharisees in Jesus' day. They both should have known the truth well beforehand!

[jersieu02]

Schiff : Imma let you speak but Bernanke is the idiot of all times.

[asad24041992]

He is not an Idiot ,he is a Zionist !

[BarrySlisk]

HAHA !!! Schiff owned those fools ! A shame the rest is censored. He must have owned them even more.

[wolfengheist]

I would put the fed chair in Prison for counterfeiting. Then I would put the FED out of business..