by frog
If you watch just a single 6 minute video about current financial events this decade – make it this one. It’s funny, quirky and pitched at a level that most people can get into.
The computer-y voices work great most of the time. 
Take it as seriously as you wish.
But wait there’s more! A love letter to Wellington:
Published in Economy, Work, & Welfare | Society & Culture by frog on Sun, November 14th, 2010
on the trolls and those who are unable to keep on topic
“My plumber also has a nice beard, and I would not trust him to play God with the economy”
Classic.
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Lack of credibility… yes!
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The problem is that Bernanke is a scholar of the Great Depression, and is fearful that you will end up with deflation akin to what happened then. Of course, economists still debate what really caused the Great Depression, and I personally suspect that the trade wars caused it more than prices going down.
Bernanke should not be fearful of creating another Great Depression – he should be fearful of creating another Weimar Germany circa 1922 and 1923. I for one don’t want to see Franklins being used as wallpaper in a few years.
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