
Can Bernanke Force Banks to Lend by Halting Interest on Excess Reserves?
• by Mike "Mish" ShedlockSeveral readers have asked me to comment on a King World interview of Michael Pento. Before I offer my comments on Pento's thoughts, let me say upfront that Eric King is a world-class interviewer. King lets his interviewees have their say, no matter
As Chairman of the US Federal Reserves, Bernanke CAN do anything under the law that which he MUST do. Under the law, the management of the national economy is, to the controlling authority -- the Feds -- a matter of judgment. Those who studied Medicine in order to become an "economic expert", and those noisy street economists from the "lunatic fringe" should keep out, so that he can do those things that he MUST do!