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  1. 07-20-2009, 06:46 PM #1
    AirborneSapper7
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    Economist: Bernanke Will Kill Recovery

    Economist: Bernanke Will Kill Recovery

    Monday, July 20, 2009 10:39 AM

    By: Dan Weil

    Most experts, including investment legend Warren Buffett and former General Electric CEO Jack Welch, say Federal Reserve Chairman Ben Bernanke has done an excellent job handling the financial crisis and should be reappointed.

    But economist John Tamny isn’t among them.

    He thinks Bernanke’s views are insufficiently monetarist to merit his reappointment.

    “Rather than defining inflation as something monetary in nature, the Bernanke Fed has reverted to Phillips Curve logic, suggesting inflation results from too much economic growth and too many people working,â€
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  2. 07-20-2009, 06:46 PM #2
    AirborneSapper7
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    Economist: Bernanke Will Kill Recovery

    Economist: Bernanke Will Kill Recovery

    Monday, July 20, 2009 10:39 AM

    By: Dan Weil

    Most experts, including investment legend Warren Buffett and former General Electric CEO Jack Welch, say Federal Reserve Chairman Ben Bernanke has done an excellent job handling the financial crisis and should be reappointed.

    But economist John Tamny isn’t among them.

    He thinks Bernanke’s views are insufficiently monetarist to merit his reappointment.

    “Rather than defining inflation as something monetary in nature, the Bernanke Fed has reverted to Phillips Curve logic, suggesting inflation results from too much economic growth and too many people working,â€
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