Whom Does Ben S. Bernanke Really Work For?
by Justice Litle, Editorial Director, Taipan Publishing Group The announcement of Ben S. Bernanke’s successful nomination for a second term brings forth a curious question. Whom does the Fed Chairman really and truly work for?
The United States has, over the past two decades, started to take on characteristics more traditionally associated with Latin America: extreme income inequality, rising poverty levels, and worsening health conditions for many. The elite live well and seem not to mind repeated cycles of economic-financial crisis. In fact, if you want to be cynical, you might start to think that the most powerful of the well-to-do actually don’t lose much from a banking sector run amok – providing the government can afford to provide repeated bailouts (paid for presumably through various impositions on people outside the uppermost elite strata).
Doesn't really go deep enough, but it's a beginning!