The Duplicity of Ben Bernanke
• Mises InstituteConsider Mr. Bernanke's track record against his stated goals as Fed chairman. In opposition to his predecessor, Alan Greenspan, Bernanke said that he would communicate clearly and openly with the investment community. This, he said, would remove an element of uncertainty for investors. However, it didn't take long for him to do an about-face on this issue. He learned that even the smallest utterance could shake markets. Today he embraces the jargon and ambiguities of his forerunner. Barack Obama, whose presidential campaign focused on a more open and transparent government, seems untroubled by Mr. Bernanke's repeal of his own earlier plea for increased transparency.
