Bernanke Decries Gold, Defends Fed's Make-It-Up

Ben Bernanke did something odd this week – he made some meaningful comments about the gold standard system, which is the only sensible alternative to the Ben-Bernanke-makes-it-up system we have today.

He did this, I would say, because of increasing pressure, especially from the conservative grassroots in the U.S., which is translating into constant criticism of Bernanke’s super-easy-money actions at the Fed from U.S. conservative politicians.