EconoMonitor

Bernanke Bats for Banks and Reading Links

I fail to get the point of this piece by Kenneth Rogoff on Bernanke’s press conference. What is the need for this homage to Bernanke? Intellectual Capture? Also, Ken Rogoff’s piece reminded me of this piece in Huffington Post. 

This blog post by Barry Ritholtz on why Shiller was defending fellow economists is definitely worth a read as are some of the older posts that he offers you, on the same topic. I guess, in the end, answers to the question of why Shiller was defending fellow economists has to be found in institutional tyranny, the need to belong to the herd, etc.

Oh, banks, dear banks. When would we stop hearing news such as this and this? Well, we won’t as long as they have Mr. Ben Bernanke batting for them.


This post originally appeared at The Gold Standard and is reproduced here with permission.

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PHåvard Halland is a natural resource economist at the World Bank, where he leads research and policy agendas in the fields of resource-backed infrastructure finance, sovereign wealth fund policy, extractive industries revenue management, and public financial management for the extractive industries sector. Prior to joining the World Bank, he was a delegate and program manager for the International Committee of the Red Cross (ICRC) in the Democratic Republic of the Congo and Colombia. He earned a PhD in economics from the University of Cambridge.