Ben Bernanke, President Bush’s nominee to replace Alan Greenspan as chairman of the Federal Reserve Board, is known as “Helicopter Ben” in some circles for having famously once said that if necessary, he would fight inflation by flying over the country and throwing money out of a helicopter. And if the problem is deflation, he has said, the United States can “produce as many U.S. dollars as it wishes at essentially no cost.” Colorful stuff — and reason to hope that for Wall Street investors’ sake, he’ll measure his words a bit after confirmation.
Posted by Rhonda Holman
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