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Bernanke was defensive, he rationalized and made
excuses for his moves and the actions of Yellen since.
He sounded like he was giving a college lecture for
which he was ill-prepared.
He demonstrated his belief, shared with most economists,
that the economy should be manipulated and controlled
by the educated elite for the benefit of the peons.
He got a couple jabs in at Greenspan, a man who bernanke
isn't qualified to speak of.
I was pleasantly surprised by the second speaker,
Mr. Marc Seidner from PIMCO.
He spoke facts instead of gibberish, talked of real world
instead of word salad
Very impressive individual
Of course, he should be taken with
a grain of salt as he only has an undergraduate degree
in economics as opposed to Bernanke's PHD.
Perfect example of:
if you can't do, teach
if you can't teach, preach
if you can't preach, go into the public sector
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