Federal Reserve Chairman Ben Bernanke said Thursday that future financial crises can't be completely prevented, but that policy makers should nevertheless move ahead in trying to strengthen the nation's markets…. In his speech to the World Affairs Council, Mr. Bernanke said the government effort to craft a response to recent financial-market turmoil 'should moderate the likelihood and severity of future financial shocks and enable market participants to better withstand shocks when they occur.' (Wall Street Journal, Friday)
The markets stopped being free long ago.
FEE Timely Classic
Central Banks, Gold, and the Decline of the Dollar by Robert Batemarco