We have always lived in the age of Central Banks, to thing otherwise is naive. In fact banks bave been major players in the economies of the world and government decisions since money lending came into play and banks started borrowing money in order to finance their wars.
Mitt Romney said Thursday night that, if elected president, he would create millions of jobs. On Friday morning, the Federal Reserve chairman, Ben S. Bernanke, said that the Fed’s policies may have helped create millions of jobs since the financial crisis.
So who actually has the most power to create jobs today – the president, or the Fed chairman? The answer to that question tells us whether we now live in the age of democracy, or the age of the central bank.
- Mo Money: Defending Fed, Bernanke signals new economic stimulus (tarpon.wordpress.com)
- Defends Bond Buying… (bloomberg.com)
- Assessing the Performance of the Bernanke Fed (delong.typepad.com)
- US Economy still going Down , results High Un Employment for Years to come (jafrianews.com)
- Fed Chairman Pushes Hard for New Steps to Spur Growth (nytimes.com)