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March 24th, 2011 6:03 pm
Bernanke Thinks Lack of Communication Explains Opposition

According to the Wall Street Journal:

In a break with tradition, Federal Reserve Chairman Ben Bernanke will hold public news conference four times a year, in the U.S. central bank’s latest move to boost transparency and improve communications after its policies came under attack.

Earth to Ben: policies like quantitative easing (i.e. printing more money) come under attack because they devalue the dollar through inflation.  Explaining that reality – or denying it – in more detail won’t make the policy more attractive.  If anything, it will doom any chance of getting re-nominated for your position.

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