~Ludwig von Mises
“The development of a profession of economists is an offshoot of interventionism. The professional economist is the specialist who is instrumental in designing various measures of government interference with business. He is an expert in the field of economic legislation, which today invariably aims at hindering the operation of the market economy.”
Human Action, pages 865 and 869.
“A sound monetary policy is one of the foremost means to thwart the insidious schemes of communism.”
Economic Freedom and Interventionism, page 106.
Time Magazine Names Bernanke ‘Person of the Year’
Bernanke: Time Person of the Year
Bernanke named TIME’s Person of the Year
Ron Paul reacts to Ben Bernanke being named TIME ‘Person of the Year’
Ben Bernanke: TIME Magazine Person of The Year
Glenn Beck Show – December 16, 2009 – Pt 1 of 8
Glenn Beck Show – December 16, 2009 – Pt 2 of 8
Glenn Beck Show – December 16, 2009 – Pt 3 of 8
Glenn Beck Show – December 16, 2009 – Pt 4 of 8
The Man of The Year, Fed Chairman Ben Bernanke was and continues to be responsible for massive government intervention into the economy by an expansionary monetary policy that resulted in the housing and commercial real estate bubbles and is now prolonging the recession/depression and by 2012 will lead to a significant decline in the purchasing power of the dollar with double digit inflation.
The Federal Reserve is creating another bubble with its expansionary credit monetary policy–a double bubble and an inflationary depression.
The Dollar Bubble
The Peter Principle at work.
Glenn Beck is right.
The American people should have been selected as people of the year.
There are over 25,000,000 Americans seeking full time employment, more than double the number of unemployed Americans during the worse year of the Great Depression 1933.
The arrogance of the political class in Washington D.C. and their allies in big media knows no bounds.
While there is plenty of blame to go around as to the causes of this recession, the single entity that deserves a big piece of the blame is the Federal Reserve System under both Alan Greenspan and Ben Bernanke.
The Fed’s easy credit expansionary monetary policy fueled the housing and commercial real estate bubble.
The Fed’s lax regulation of large depositary institution that made imprudent investments in mortgage backed securities compounded this failure of government.
Both the Congress and Executive Branch did not stop the reckless investment policies of Fannie Mae and Freddie Mac.
The American people are suffering as a direct result of the failure of government intervention in the economy. Government intervention begets more government intervention to correct the mistakes of government meddling into the market place.
This government intervention is only made worse by more bailouts, stimulus spending and political payoffs to the friends and supporters of both political parties.
The bill for this failure of Federal Government intervention policies is being sent to the American people and their children, grandchildren, and great grandchildren. The interest on this deficit spending that results in more Government debt is simply staggering.
The American people are mad as hell and are not going to put up with this gross, irresponsible and criminal behavior of the political elites of both political parties.
We are Fed Up!
Time Names Bernanke “Person of the Year” & Man Loses It in BofA Parking Lot!
There well be a day of reckoning.
Time to throw the bums out.
Broom them all.
Tea Party Interviews Bureaucrash Independence Day July 4 2009
~Ludwig von Mises
“The interests of the capitalists are scarcely ever represented in monetary policy.”
The Theory of Money and Credit, page 414.
“Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.”
Omnipotent Government, page 44
9/12 Taxpayer Tea Party March on Washington, DC
POLICE ESTIMATE 1.2 MILLION PEOPLE MARCH ON 9/12 WASHINGTON DC TEA PARTY PROTEST OBAMA – CONGRESS
Background Articles and Videos
How TIME Picks Person of the Year
For Bernanke, Time’s Man of the Year: Honor or Curse?
By Michael Corkery
“…Federal Reserve Chairman Ben Bernanke is Time magazine’s Person of the Year – an annual rite dating back to 1927. Time has dubbed Bernanke the “overlord” of the global economy, who coolly steered the world away from economic disaster.
The first draft of history has generally been kind to Bernanke, who is expected to coast to a second term. But history has not always been kind to previous winners of the Time award. With unemployment at 10% and business lending dormant, Bernanke knows that the final chapters of the financial crisis are still being written.
Here are some People of the Year whose fortunes have changed not long after winning the award:
1939 and 1942: Stalin, the Soviet ruler was so influential he won the award twice. His efforts to bring together the far flung cultures and geographies of the Soviet Union through fear, intimidation and murder, were undone by his successors. …”
Glenn Beck Show – December 16, 2009 – Pt 5 of 8
Glenn Beck Show – December 16, 2009 – Pt 6 of 8
Glenn Beck Show – December 16, 2009 – Pt 7 of 8
Glenn Beck Show – December 16, 2009 – Pt 8 of 8
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Federal Reserve System
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