by Morris White, Freedom Outpost:
One of outgoing Federal Reserve Chairman Ben Bernanke’s first official acts as the world’s most powerful banker was ceasing publication of the M3 monetary aggregate in 2006. Though mainstream media paid little attention to it, the policy forever shielded the Fed from ever having to disclose an accurate measure of total money supply. Despite this fact, many economists claim Bernanke made the Fed more transparent than it has ever been.
Fair or not, Bernanke will forever be tied to America’s subsequent eight years of economic uncertainty and turmoil.
Great Recession – The Federal Reserve, for the first time in its now 100-year existence, began to muddy the lines of fiscal policy vs. monetary policy under Bernanke.
Please follow SGT Report on Twitter & help share the message.