It’s not easy keeping the financial world in perfect balance. It’s especially hard when you are the only one trying.
The role of the Fed and its chairman, Ben Bernanke, has been increasing dramatically and it rightly scares many people – especially those who think it is doing the wrong things. But the criticism highlights a much bigger problem – in many ways, the Fed is the only institution actually doing something. That has naturally led them into places that they should not be and would not be if our government was functioning properly.