Sorry, hipmatt, but like others on this thread, I am pretty sure Mr Bernanke is better than your average idiot when it comes to economics. What he says in various forums we read about is just a well-chosen projection of certain parts of certain of his and his staff’s thoughts. Of course that “well-chosen projection” part makes it biased and misleading for many, and you could mistake that for stupidity or ignorance or even malevolence.
He’s just a smart, knowledegable person trying to do his part to keep the economy going, and inflation under some control, and avoid any runs on the bank or other financial collapse caused by a loss of confidence. The avoiding of a loss of confidence part sometimes means he has to sound like a Pollyanna moron. Just comes with the job.
