Bernanke gave a half-answer. The correct answer is that all recessions not caused by nature (tsunami, hurricanes, tornadoes) are man-made. Let's repeat that. That which is not made by nature is made by man.
Bernanke failed to indicate that he understood this concept.
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Bernanke gave a half-answer. The correct answer is that all recessions not caused by nature (tsunami, hurricanes, tornadoes) are man-made. Let's repeat that. That which is not made by nature is made by man.
Bernanke failed to indicate that he understood this concept.
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