These clips span more than four years. I ask again: Was the Fed Chairman lying or just totally wrong?
In either case, should we make the financial system yet more fragile and inflexible by adding to the immense power held by this position?
Btw, if you have friends who would like to follow intelligent market analysis and economic insight, refer them to SpongeBob SquarePants before you direct them to CNBC. Ugh.
The value of CNBC derives from two sources:
- Seeing what smokescreens and con games are currently in play; and
- Catching the occasional appearance by Jim Rogers, Marc Faber, Peter Schiff, Dr. Ron Paul, James Grant, et al.
