Ben Bernanke Just Told a Massive Lie About Milton Friedman and I Can Prove it [libertyblitzkrieg]
October 2, 2012 Leave a comment
Ben Bernanke is so desperate to find support regarding his steal from the poor and give to the 0.01% policies he is now telling blatant lies about famous, dead economists that can’t refute what he says. In this case Milton Friedman. In his Q&A today, The Bernank claimed:
*BERNANKE: MILTON FRIEDMAN WOULD HAVE SUPPORTED WHAT FED DOING
Well I suppose it’s easy to make things up about people that can’t claim otherwise, but he made a big mistake this time. Why? Because Anna Schwartz, who co-wrote the famous work “A Monetary History of the United States” with Milton Friedman in 1963, actually came on the record on several occasions calling out The Bernank and saying there’s no way Friedman would agree. The sad part about this is it seems Bernanke waited until Schwartz died to really start spewing the lies. This guy is not only dangerous he is despicable and increasingly desperate…
Don’t take it from me though, back in October 2008 Anna Schwartz had this to say in the Wall Street Journal:
Ms. Schwartz thinks that our central bankers and our Treasury Department are getting it wrong again.
This is not due to a lack of money available to lend, Ms. Schwartz says, but to a lack of faith in the ability of borrowers to repay their debts. “The Fed,” she argues, “has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that [uncertainty] that the balance sheets of financial firms are credible.”