A veritable plethora of contradictory statements that could lead you to believe that Bernanke is a few slices short of a loaf….
“I am a macroeconomist rather than an historian. My focus will be on broad economic issues rather than details.”
“These days central banking is my line of work as well. Before that, I was an academic economist and economic historian.”
60 MINUTES: “You’ve been printing money?”
BERNANKE: “Well, effectively, and we need to do that.”
CONGRESSMAN JEB HENSARLING, (R-TX.) “Will the Federal Reserve monetize the debt?”
CHAIRMAN BERNANKE: “The Federal Reserve will not monetize the debt….”