Ben Shalom Bernanke, the current chairman of the Federal Reserve is that awesome bearded bloodshot-eyed fellow in the picture above. I wonder if he was high as fuck trying to explain something to Congress, but what I really wonder about is how he grew such magnificent facial hair. I am extremely jealous.
I am also jealous of his powers and ability to call himself the most powerful man in the world, next to the president of the United States. He can manipulate the economy, and therefore can topple the government with ease. He has independence from Congress and will most likely be able to accomplish any irreversible destruction before our representatives on the hill can put together a bill.
Yes, he wields great power.
However, his job is to secure America against spiraling inflation, and so he cannot destroy the country at whim :( boring story huh?
I’m a bit surprised that he has chosen to keep inflation so low during a recession, and I suppose it’s mostly because all the money kept in reserves are gathering interest at the Federal Reserve vaults; that would be a significant reason why banks choose to keep the money instead of loaning it out at higher rates. I believe it’s 0.25% interest, which is well below inflation.
Anyway, I sincerely hope Ron Paul’s legacy of attacking the FED does not live longer than the Audit the Fed bill. Although I’m not entirely familiar with the bill, I can understand where it’s going. I sincerely hope that posterity does not see to it that the FED should be controlled democratically, otherwise monetary policy will be subject to political play instead of rational economic use.
I fucking want that beard.