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Ben Bernanke as public intellectual? Are you serious?

Time Magazine's Person of the Year, Ben Bernanke, is heralded as the savior of the US economy. But the Fed chairman is actually the real villain of the piece

By Dean Baker   January 2010

Bernanke: heralded as the savior of the US economy while congress dithered

Prospect’s 2009 public intellectuals list contains many crimes against good sense. It was obviously right to include Paul Krugman, Robert Shiller, Elizabeth Warren and several others on the list. Nonetheless, the judges have cleaved to the conventional wisdom and nowhere more than when rewarding our failed central bankers. Mervyn King is bad enough, but the real villain included here is the current chairman of the US Federal Reserve, Ben Bernanke—the same mistake Time Magazine now seems to have made with their choice for Person of the Year.


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