David Stockman: Bernanke Resembles ‘Arsonist Lecturing on Fire Prevention’
February 07 — David Stockman, a former congressman and budget director for President Ronald Reagan, isn’t too impressed with Ben Bernanke’s stewardship of the Federal Reserve.
Specifically he’s upset with the Fed’s accommodative monetary policy and Bernanke’s suggestion that Congress cut the budget deficit, but not too quickly in light of the economy’s weakness. “Bernanke testifying on the budget is about as credible as an arsonist lecturing on fire prevention,” Stockman tells Yahoo. Read more.
