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Ben Bernanke ran the Federal Reserve for a couple terms. So he controlled the US money system. When things get hard for the economy, like they did when he worke
by gleenn 6y ago
Ben Bernanke ran the Federal Reserve for a couple terms. So he controlled the US money system. When things get hard for the economy, like they did when he worked there around 2000, a solution is to "print money", which is basically the government deflating currency by creating more USD. Much like they're doing now with stimulus checks and "printing" trillions of dollars that didn't exist. It can keep the economy moving, but someone will eventually be footing that bill. So this project, called Bernanke, is kind of a joke name about how it's printing money at someone else's expense.
- bryanrasmussen 6y agoI mean if I were going to have a project that would allow me to print money by giving me an anti-competitive advantage I would make sure my project name steered clear of references to money printing or anti-competitive behavior. I think I would have called it project AD-Efficient And then if anyone ever complained about our project I would laugh a bit and say I never actually expected it to be so beneficial, that's why I made the project name sort of a joke, it ad efficient, but it's also a deficient - heh heh. I'd wear a cardigan and some granny glasses on the stand as I explained my little joke project. Anti-competitive me? Nobody who makes such a lame pun could ever be an evil genius!
- masta 6y agoPlease take an Econ 101 course, thanks. https://www.youtube.com/watch?v=yq_E3HquRJY https://www.youtube.com/watch?v=yq_E3HquRJY