Liberal Rapture
The persistence of the illusion that economists know anything is astonishing. Tuesday Mr. Bernanke, who apparently couldn't be bothered to warn anyone of the coming collapse last fall, said the economic recession is over.
Phew! That wasn't so bad. Bailout the banks by forcing a nation into decades of debt, print piles of cash and BANG! It's over! Whoo hoo!
Here's the dirty little secret Bernanke and his crew avoid: When they say the recession is over - they mean it's over FOR THEM.
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