Almost all the "economists" coming out of school today aren't actually economists. An economist is someone who describes the way the world works. But these people – Bernanke being a perfect example – aren't interested in describing the way it works. Rather, they want to prescribe the way they want it to work, and then get the state to enforce their views on society. The state, of course, welcomes such advice when it serves its agenda.
Tales From a Late Stage Bull Market
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