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July 26, 2009

Roubini sez re-appoint Bernanke; ugh

Well, Nouriel Roubini has been right about a lot of things related to the current recession, but not this one.

Sure, he possibly may have kept this recession from being worse; even then, was his solution the best? And, as Roubini notes, he helped get us here in the first place. In fact, he got enough wrong in 2006-08, what’s to say he won’t fuck up more if reappointed?

Of course, inside the “bipartisan economic policy establishment” that we have today, maybe you can’t find a better person to run the Fed than Ben Bernanke. Of course, that’s an indictment of the bipartisan economic policy establishment.

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