Comments on: Bernanke A “National Hero”? http://enlightened-american.com/2009/06/24/bernanke-a-national-hero One person's quest to make sense of a senseless American economy and society. Sun, 08 Jan 2012 12:07:34 +0000 hourly 1 http://wordpress.org/?v=3.0 By: bobvis http://enlightened-american.com/2009/06/24/bernanke-a-national-hero/comment-page-1#comment-18496 bobvis Thu, 25 Jun 2009 03:42:10 +0000 http://enlightened-american.com/?p=368#comment-18496 This is a great post. Keep in mind that the media is interested in producing stories. If they do not, they go hungry. It isn't that they are dumb people at all. The net result though is that most stories miss the long term effects. Those can't be reported on because they haven't happened yet. Second, another problem is that even after the long term effects are observed, what actually happened is rarely obvious. Even if the dollar loses its status, some may say that things would be even worse had Bernanke not stepped in. And we will be at a loss to prove them wrong without a parallel universe in which he is a blogger and one of us is Fed Chief. This is a great post. Keep in mind that the media is interested in producing stories. If they do not, they go hungry. It isn’t that they are dumb people at all. The net result though is that most stories miss the long term effects. Those can’t be reported on because they haven’t happened yet.

Second, another problem is that even after the long term effects are observed, what actually happened is rarely obvious. Even if the dollar loses its status, some may say that things would be even worse had Bernanke not stepped in. And we will be at a loss to prove them wrong without a parallel universe in which he is a blogger and one of us is Fed Chief.

]]>