Does Ben Bernanke Have an Econo-Quote Boy Too?
Great. Ben Bernanke has decided to steal a page from his predecessor and has started coining quotable phrases. Alan Greenspan had "irrational exuberance" and, yes, "infectious greed" to his name, and today Bernanke coins "chaotic unwinding".
Do these Fed chairs have nothing better to do than sit around and come up with this stuff? Or do they have an "econo-quote boy", like Garry Trudeau famously needled George Will decades ago in a classic series of Doonesbury strips?
And if it turns out that Ben likes to hang around writing these trendy speeches in the bathtub like Greenspan did, I'm going to short the dollar, just on principle.
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