Tuesday, November 9, 2010

Thornton on Bernanke

A former graduate professor of mine, Mark Thornton, has an excellent essay on Mises.org explaining why Ben Bernanke's proposed solutions for the economic banana we are in are in fact the problem. In this essay, Thornton documents Bernanke's educational and professional pedigree, examines his truly dismal track record as economic prognosticator and policy maker, noting particularly that he was, "deeply involved in creating the housing bubble encouraging people to invest in toxic assets, and orchestrating the cover-up after the bubble collapsed."

I have written on Thornton's excellent analysis before and am happy to recommend another of his essays.

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