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Bernanke leaves legacy of stimulus and stagnation
The outgoing chairman of the Federal Reserve has been credited with pulling the nation up from the brink of a depression, but has also overseen one of the greatest surges in economic inequality in U.S.
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Income inequality is supposed to be a bad thing . .
(I suspect that it is a sign of corruption.)
The current administration has 'pulled the nation back
from the brink of a depression' . . . while
simultaneously overseeing a massive 'redistribution of
wealth' into the hands of the already rich.
Me-Thinks there are a LOT of half wits who need to
re-evaluate their demi-god.
Zim.
Bernanke leaves legacy of stimulus and stagnation
http://www.latimes.com/business/la-fi-bernanke-legacy-20140126,0,4780686.story#axzz2rWI4ORbL
WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy.
On one hand, his unprecedented efforts to drive down interest rates and stimulate the economy are widely credited by his peers with saving the nation from a second Depression, strengthening the economic recovery and leaving the nation's financial condition poised to take off this year.
Yet those same policies have added momentum to one of the greatest surges in economic inequality in U.S. history, helping the wealthiest Americans add to their enormous riches while the incomes of almost everyone else stagnated.
(Article does continue. Zim.)
Mad Poet Strikes Again.
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