General News

Bernanke Breaks the Law. His Own.

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 11/30/09

Become a Fan
  (1 fan)
- Advertisement -
Thursday December 3 is the date of both the President's Jobs Summit and the reconfirmation hearing of Federal Reserve Chairman, Ben Bernanke. We should seize the opportunity to examine the statute that creates the Federal Reserve:
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
The jobs question doesn't need to stay at the President's Summit. It can be included right in Bernanke's reappointment hearing.

You don't need to be a lawyer to question how he's doing at promoting "maximum employment." You don't need to be an unemployed steelworker to wonder whether "increase production" means import more (subsidized, currency manipulated, unsafe) stuff from China.

It's Bernanke's own hearing. We should assess how he's doing under his own law.

-- Dean Baker says he should be fired.
-- The Cunning Realist provides questions to ask.
-- Audit the Fed wants to know what he did with our money.
-- I provide overview here, while Bob Borosage casts his doubts.

- Advertisement -

 

http://www.ericlotke.com

Eric Lotke has cooked in five-star restaurants and flushed every toilet in the Washington D.C. jail. He has filed headline lawsuits and published headline research on crime, prisons, and sex offenses. His most recent book is Making Manna.


Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
Related Topic(s): ; ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

What Chinese Currency Manipulation Looks Like

Steel City: Forgotten But Not Gone

2044: Big Brother Inc.

Obama's Home And The Report Is Out: China Takes Us To School

The Private Prison Industry: Resistance isn't Futile

The 2010 Elections: Bring "em on!

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments