It tells you all you need to know about Ben Bernanke when former Bank of England super-dove writes in today’s Independent:
I am a huge fan of Ben Bernanke, who I think likely saved the world by his actions cutting interest rates, moving quickly to QE and saving the banks in 2007 through 2009.
His Bieber-style love affair with Bernanke eventually winds down and he gets in a few shots at UK Chancellor of the Exchequer Osborne’s budget.
Fiscal stimulus can ease rather than exacerbate the UK government’s long-term budget constraint. This undercuts Mr Osborne’s claims even further that he is powerless to act to boost growth. He isn’t and he should – now before it’s too late.
