Is Ben Bernanke Worse Than a Fake Rapture Hack?



Sovereign Man certainly seems to think so:

Harold Camping has a pretty dismal track record. Thrice now, the 89-year old California evangelist has been very public about predicting the end of the world. Somehow he managed to convinced legions of followers that his complex calculations were accurate.

Camping was obviously very wrong all three times, in addition to other times he was wrong in making smaller predictions in his radio broadcasts. We can, however, forgive Mr. Camping’s ‘miscalculations’ for the precise date and time of the world coming to an end, writing them off as twaddling, harmless entertainment.

Why? Because Harold Camping doesn’t control the money supply for the largest economy on the planet.

You see, there’s another guy whose track record is about as impressive as Harold Camping’s. His name is Ben Bernanke. And every time he opens his mouth with a prediction about the economy, it’s wrong. Dismally, dreadfully wrong.

You mean like the time he said this and this and this and this and this and this and this and this?

1 comments:

Alain Saffel said...

I always love the "explanations" experts have for what happens in the markets and economy. They can never admit they don't really know what the hell is going on.