What Bernanke Will Not Say On September 18

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"The problem is, it takes new money to bail out bad collateral. That means a lot of new money unless banks start lending to high-risk markets. But our new, improved regulatory policies have clamped down on this.
This means the end of my program to reduce the rate of inflation in the country. I have talked of little else from the day I took over in February 1, 2006. So did my predecessor. So did his predecessor, and so on, all the way back to 1938.
So, basically, I have given up. We can bail out the mortgage market or we can pursue monetary stability. We cannot do both at the same time."
Bernanke's Speech on September 18 [LewRockwell.com]

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