When representatives of American power encounter officials in less rich countries, they are prone to suggest that any failure to reach the highest standards of living is due in part to weak political governance in general and the failure of effective oversight in particular. Current and former US Treasury officials frequently remark this or that government “lacks the political will” to exercise responsible economic policy or even replace a powerful official who has clearly become a problem.
(Reuters) - Federal Reserve Chairman Ben Bernanke is an optimist about economic growth in the coming decades, rejecting "depressing" views about a slowdown to put his faith in collaborative innovation driven by a jackpot culture for inventors. For his mental health, let's hope he believes it. For our economic wellbeing, let's hope he doesn't act on it.
Outgoing Federal Reserve chairman Ben Bernanke is speaking at the annual AEA/ASSA meeting. In his prepared remarks, he says more transparency would make Fed policy more potent, and that productivity growth in the U.S. has been "disappointing."
Fed chairman Ben Bernanke is at odds with Brazil, China, and even the IMF over his policies. Please consider the BBC report Bernanke defends Federal Reserve stimulus measures
Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies.
And International Monetary Fund chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.
Government dysfunction is at its worst. We voted them in. We have no one to blame but ourselves.
Granted, the choices were abysmal. But the Republican and Democratic parties,
with no third party competition, can continue to run dysfunctional governments,
whittling away our dominant global position until the cracks of our broken government
becomes abundantly clear. As a society,
we play right into their subterfuge of keeping us so upset at the other party,
Between Boyz II Men at The Mirage and Celine Dion at Caesars Palace, a hot new act is playing Vegas: Ben Bernanke.
One day only, live from Sin City — the economist formerly known as chairman of the Federal Reserve.
Fifteen months after leaving the Fed and its trappings of mystery and power, Bernanke, 61, is settling into the peripatetic and highly lucrative life of a Washington former.
United States President Barack Obama said Federal Reserve Chairman Ben Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.
“Ben Bernanke’s done an outstanding job,” Obama said in an interview with Charlie Rose that aired Monday, when asked about nominating him for another term subject to Senate approval. “He’s already stayed a lot longer than he wanted or he was supposed to.”