The Key Points From Ben Bernanke's Jackson Hole Speech

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Bernanke says fiscal austerity is currently a drag on the economy and will be an increasing drag going forward and claims that he 'cannot neutralize the fiscal and financial risks that the country faces.' A related point is that he simply fails to acknowledge that the country's primary macroeconomic stabilization institution might bear some responsibility for the biggest failure of macroeconomic stabilization in 70 years.

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