Reappointing Bernanke

Obana has reappointed Ben Bernanke to the chairmanship of the Federal Reserve for another term. He praised him for his patience and determination, and most of all, for his loyalty. Which means, of course, his willingness to go along with Obama’s fanciful schemes, even though they are contrary to anything but “Keynesian” economics, which has been long discredited. Bernanke is obviously more willing to lie about economics than anybody else, and it’s more important to him to keep his job than to promote HONEST economics. Good economists think he is a “sniveling fool,” and they’re right. But he’s a sniveling fool with a lot of power. (Just common sense)