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Friday, December 18, 2009

Ben Bernanke: man of the year?

Time magazine has seen fit to honor Fed Chairman Ben Bernanke as its "Person of the Year".

Rather than waste my time (and yours) regurgitating their nonsense, I thought we'd take a quick look at some of the more interesting reactions to, and accurate appraisals of, this news. A short linkfest of Bernanke & Fed realism follows:

1. Person of the Year, My Foot! Bernanke "Failed Miserably", Says Chris Whalen - Tech Ticker.

2. A More Honest Look at Time Person of the Year Ben Bernanke - Wall St. Cheat Sheet.

3. Time Magazine's Kiss of Death: "You!" - Mish.

4. Time on Bernanke: The Peak of Central Banking? - Minyanville.

5. Ron Paul on Bernanke and the Fed - Jesse's Cafe.

6. Impoverisher of the Year - Mises Blog.

We should note that the Senate Banking Committee is backing Bernanke for a second term as Federal Reserve Chairman, with the debate over his renomination heading to the full senate in January.

What do you think? Should Bernanke stick around for a second term? Ponder that, and enjoy your weekend