Fed Chief Ben Bernanke on 60 Minutes

 

It is unusual to see a Fed Chief do a network interview. He makes some interesting statements about inflation and the printing of money. He speaks calmly about the printing of money and thinks it is an important part of recovery. He seems to believe that when the economy turns the corner, he will simply contract the money supply and prevent inflation from increasing. I’ll be interested to see if this works. I get the feeling that inflation is going to be a whole lot easier to create than to prevent once the money is out of the bag.