Published here: “the Federal Reserve is legally accountable to the Congress for two objectives, maximum employment and price stability, on an equal footing. My colleagues and I strongly support the dual mandate and the equal weighting of objectives that it implies.”
Source link: http://blog.mises.org/8390/bernankes-press-release/
Bernanke’s Press Release
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Since the Fed has failed miserably at both, can we go ahead and abolish it already? Kthxbye.
Part of the fantasy world of Ben Bernanke is the Phillips curve. At what point is the issue of mental illness brought up? Other people who live in imaginary worlds and do harm to others are considered mentally ill and are removed from situations where they can do harm. Bernanke is harming millions of people because of his little fantasy world and something needs to be done to protect us from his vain imaginings.
yeah, and we all need to lose weight and eat more food.
He achieved two objectives by inflation and saving the troublesome banking institutions.
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