Reappointment Of Ben Bernanke As Federal Reserve Board Chairman

President Obama’s reappointment of Federal Reserve Board Chairman Ben Bernanke for another four year term is a good move at this time of slow economic recovery.

An acknowledged expert on the causes of the Great Depression, Bernanke demonstrated a steady hand in the financial crisis of a year ago, and it is wise at a delicate time like this that he be reappointed to run the banking system of the nation. It is very likely that had he not been in charge last year, that we would now be in a greater economic crisis than the Great Depression, and would not be calling what we are going through the Great Recession.

Of course, for those who want to believe that the Federal Reserve Board is a conspiracy, this is a bad development, but we are not going to base our future on conspiracy theories, now are we? 🙂

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