QE-finite

  • 29 Jan 2014 at 3:46 PM

Ben Bernanke Offers Parting Gift On His Way Out

The Beard exits finishing what he started, in spite of everything. And his compatriots bade farewell with a rare parting gift of their own: unanimity. Read more »

Was he inspired by Monday’s gathering of his (two) living predecessors and their talk of legacy? Was he trying to keep Esther George from becoming the third person to go eight-for-eight in dissents? Or was the sly gray fox slow-playing us all along? Either way, history will note that it was Ben Bernanke who both began and began to end the great stimulus measure known as quantitative easing, and that the economy will have to try to survive being propped up with just $75 billion in bond purchases each month. Read more »