Image uploaded from a quicklink (Image by Unknown Owner) Details DMCA | 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. |