Making a Bad Situation Worse
Aug 28th, 2009 | By Bill Bonner | Category: Politics & EconomicsOur story continues…According to the popular version, Ben Bernanke, our flawed hero, has averted a Second Great Depression. When the crisis came in ’07-’08, he calmly took out the text he had written himself: “Dummies’ Guide to Avoiding a Japan-style Deflation”… or something like that.