Gary North, an economist in the Austrian School, expounds here on Ben Bernanke, academic economists in general (particularly Keynesians), and the trouble the economy is in because of the influence of their statist thinking.
Here’s a great line: “Bernanke’s problem is that academic economists are protected by tenure from the realities of the capital markets. Nobody can fire them. They are not held accountable for anything they say.”
Read the whole article to learn a lot about the naked emperor known as Keynesianism.
