All Commentary
Friday, September 9, 2011

Bernanke: Consumer Blahs the Problem


“Ben S. Bernanke, the Federal Reserve chairman, offered a new twist on a familiar subject Thursday, revisiting the question of why growth continues to fall short of hopes and expectations…[:] Consumers are depressed beyond reason or expectation.” (New York Times)

With our lives in the hands of bureaucrats, who wouldn’t be depressed?

FEE Timely Classic
“Consumer Spending Doesn’t Drive the Economy” by Mark Skousen