Ben Bernanke gets his reward and cashes in

Follow The Money

westley1

http://chrisinmaryville.net/ben-bernanke-gets-reward.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+ChrisinmaryvillesBlog+%28ChrisInMaryville%27s+Blog%29

“Bernanke Enjoys the ‘Fruits of the Free Market,’” or so we’re told in a Reuters headline from March 4 about the former Fed chairman’s 40-minute speech in Abu Dhabi for which he received, ahem, $250,000. In the Reuters author’s defense, he was only quoting a DC lobbyist who was defending the amount, and added, Bernanke “will personally experience supply and demand.”

Well, yes, it’s just supply and demand and all that. No big deal and if you don’t like it, you must have something against markets. Still, it would be nice (and a bigger deal) if these reporters would quote someone outside of the accepted intellectual class of the Boswashcorridor so compromised by being among the primary beneficiaries of all the new money Chairman Ben and his comrades created, ex nihilo, when he wasn’t shooting baskets in the Marriner Eccles building. If they did, they might hear…

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