I think the answer is obvious, but think a second about it. I have asked this question plenty of people and they answer with the former, but then support Bernanke and his stimulus packages.
Bernanke decided on the latter and created a monetary policy which pleased financial markets in the short-term and we all know what happens to bubbles. Those who follow the illusion that Bernanke saved anything, be my guest and take his side as for now you feel an artificial boost. Letís talk again 50% lower from here.
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07-16-2013, 07:47 AM #1
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Would you rather have a nine month long recession or two decades of stagflation?
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