Quote of the Day: Matthew Yglesias on Ben Bernanke
September 11, 2012 Leave a comment
But if you want to understand why Ben Bernanke can’t adopt the policies that would repair the American labor market, all you have to know is this. If he fixes the problem, then people will (rightly) ask why he didn’t do it two years ago and his reputation will be in the toilet. He needs it to be the case that the only tools at his disposal are risky and of questionable efficacy.
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