Thursday, March 22, 2012

Bernanke's 2nd Propaganda Lecture Focuses on Causes of 70's Inflation & Housing Bubble Collapse

After denigrating gold and the gold standard for nearly the entire 1st lecture to George Washington University School of Business students Tuesday, The Bernank focused his second lecture: The Federal Reserve After World War II on the ravages of the 1970's- early 1980's inflation, and a topic he is clearly an expert on- the early 2000's housing bubble & subsequent collapse.
Apparently the fact that Bernanke couldn't identify the housing bubble before or during the fact and made several of the most humorously wrong statements and predictions of all time regarding the housing market is of no consequence.

Full Propaganda Video and PowerPoint lecture below:

Full Propaganda PowerPoint can be viewed here: