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Bernanke: Fed will keep eye on sliding dollar

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Earl | 1:29 p.m. Nov. 16, 2009
Bernanke is unquestionably a brilliant man. But he is also clueless about what he's doing and what will happen. He's making things up as he goes. He is intentionally cheapening the dollar while putting off questions about the so-called "strong-dollar" policy. His problem is that he has bought into the Keynesian fallacy that there is such a thing as "priming the economy" with spending. It leads to nowhere but over the cliff in economic terms. It's time to buy a parachute.

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Mark Lennihan, Associated Press

Ben Bernanke, chairman of the Federal Reserve Bank, speaks at a meeting of The Economic Club of New York Monday.

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