Market Watch

Central Bank Heads Begin to Eat Their Own

Its one thing to see an apology by a central banker on a single policy decision. Its quit another to see a  central banker question the entire Keynesian experiment. It is even rarer to see a group of them come to a consensus about it. Although a good majority still defend the initial bailout, it is still quit evident in the below video the level of nervousness these gentlemen are beginning to feel toward their own created monster.  If you can hold your nose at the level of “academia” speak delivered here it is quite entertaining to see these former bank heads and supporters  question their own with a certain level of “tact”.  Although their delivery is not “epic” by Deth standards the message is pretty clear; the policy is not working.

If you can hold your nose for an hour enjoy the academic humor into our current state of affairs.