Ben Bernanke's job is not to make sure people make money in the stock
market. Nor is it to regulate how private lenders determine a private
borrower's ability to pay back a loan. Nor is it to police the
investments of financial firms, publicly traded or otherwise. Nor is
it to tell American citizens and companies to have reserves, whether
that includes cash or unleveraged equity in their homes or other
assets. It's his job to control the relative cost of goods in the
United States - ie, what Americans are able to buy with American
dollars (comments on this last statement are encouraged).
adrforum
No comments:
Post a Comment