Who'll Get the Old Maid? . . .

[redcliffsw]

Bernanke is a Keynesian. This means that he really does not understand how the economy works. Worse than this, he made his reputation as an expert on the Great Depression. This means that he is a pro-Roosevelt, pro-inflation, pro-government, pro-regulation economist. I think there is zero possibility that he will recognize the imminence of the next crisis. He did not recognize the last one, so there is no reason to believe he is going to recognize the next one.

Bernanke may escape when he leaves office in early 2014. Maybe the economy will not be in a crisis. Maybe he can pass on the old maid, the way Greenspan did to him. But that is his only legitimate hope.
-Gary North

http://lewrockwell.com/north/north1129.html