April 04, 2009
– Comments (1)
Violation Madoff: Stole Clients Money Bernanke: Destoroying The Wealth of an entire nation via inflation Consequence: Madoff: Life in Prison Bernanke: Making a salary paid by the people from which he stole
Oh this is silly post. It is beyond intelligent argument that Madoff is an outright thief (along with his wife and kids). Bernanke is trying to save a nation from economic turmoil. You might disagree with his approach, but his intentions are crystal clear. As for the ultimate inflationary impact, that remains to be seen. What he is dloing is expanding the Fed balance sheet. While it is in effect "printing" money, that money is in "the vault" hence not in circulation. What will ultimately determine the end result is how well he implements an exit strategy.