Bernanke as “Moral Hazard”

Dec 032009

Senator Jim Bunning provides a brutal and thorough summary of Bernanke’s role in the financial crisis.

[youtube]http://www.youtube.com/watch?v=AVwr-Nf0slQ&feature=player_embedded[/youtube]

Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works John Stuart Mill
Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed. Dwight D. Eisenhower
How pleasant it is for a father to sit at his child's board. It is like an aged man reclining under the shadow of an oak which he has planted. Voltaire
Power corrupts; absolute power corrupts absolutely Lord Acton
Let freedom reign. The sun never set on so glorious a human achievement. Nelson Mandela
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop. Ludwig von Mises

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