Bernanke wins the Jim Cramer award in Economics

http://www.youtube.com/watch?v=HQ79Pt2GNJo&feature=player_embedded#

In a 1975 book of essays in honour of Prof. Milton Friedman, Capitalism and Freedom: Problems and Prospects, Prof. Gordon Tullock wrote:

“…it should be pointed out that a very large part of the information available on most government issues originates within the government. On several occasions in my hearing (I don’t know whether it is in his writing or not but I have heard him say this a number of times) Milton Friedman has pointed out that one of the basic reasons for the good press the Federal Reserve Board has had for many years has been that the Federal Reserve Board is the source of 98% of all writing on the Federal Reserve Board. Most government agencies have this characteristic…”