Blindness About Weak U.S. Economy Is Itself Blinding

Blindness About Weak U.S. Economy Is Itself Blinding
AP Photo/Julio Cortez

We live in an age of zombies. In cultural terms, they are everywhere from the movie theater and television to the popular imagination. It's been entirely fascinating to watch the increasing fascination, and then contemplate on another level what that might say about the zeitgeist. The Walking Dead as a monetary parable?

Late February in 2009 wasn't a great time to be Chairman of the Federal Reserve. Let's just concede that Ben Bernanke was a busy guy, most of which had to do with what he had done in that job up to that point. In reality, it should have been much harder for the former Princeton professor, given where things were going on his watch, but at that moment there was little mood for directing blame and pointing fingers.

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