4 ms·
My inner skeptic asks: What is Bernanke's record on predictions that he has made in the past? He said that subprime was "contained" in 2008, IIRC. The Mises
by patrickg_zill 8y ago
My inner skeptic asks: What is Bernanke's record on predictions that he has made in the past?
He said that subprime was "contained" in 2008, IIRC.
The Mises Institute (an avowed hater of the Fed) has this, for example: https://mises.org/library/ben-bernanke-was-incredibly-uncannily-wrong https://mises.org/library/ben-bernanke-was-incredibly-uncann...
- maxxxxx 8y agoYes, in 2008 he didn't see the problems right in his face. He was supposed to be a great scholar of the Great Depression but seemed to have learned nothing from it. Maybe he has learned from his own crisis...
- frockington 8y agoHe was also part of the "2% is the new norm" Fed. His forecasting abilities have a poor track record