Perry: After 15 years, it ain’t only the memory that is fading!
On a more serious note: It appears that Bernanke is almost religiously opposed to admitting there are significant pricing pressures out there and the effects that these are having on the economy as a whole.
I agree that I can’t imagine the Fed coming out now and admitting that Greenspan’s reckless monetary policy landed us in this mess and, more importantly, discussing the stringent steps necessary to help fix it.
While I never thought Bernanke was “his own man”, I certainly didn’t think he was imbibing the Kool-Aid to this extent. Then again, why not?
