Should we just assume that Barack Obama is going to do everything wrong? Today he renominated “Helicopter” Ben Bernanke for another term as chairman of the Federal Reserve. By doing so, Obama has put his big, fat stamp of approval on incredibly stupid monetary policies that are pulverizing the once powerful U.S. economy into oblivion.
Not that Barack Obama or anyone else in the U.S. government has much control over the Federal Reserve at all. You see, the “Federal Reserve” is about as (Read More...)