All Commentary
Wednesday, June 15, 2011

Bernanke Warns Against Linking Debt Ceiling to Spending


“Federal Reserve Chairman Ben Bernanke on Tuesday again urged congressional Republicans to support an increase in the debt ceiling ahead of the early August deadline set by Treasury Sec. Tim Geithner, saying that they are using the ‘wrong tool’ to cut spending by linking it with the debt limit.” (Politico)

As they say in Washington, Bernanke’s advice is “unhelpful.”

FEE Timely Classic
“The Evil of Government Debt” by Sheldon Richman