The “Wisdom” of Ben Bernanke

ABC Radio News played a snippet today of something Fed Chairman Ben Bernanke said to a congressional hearing: “The financial system is like plumbing. It’s everywhere.” Sounds a lot like the Peter Sellers character, Chauncey Gardener, in the movie “Being There,” doesn’t it? (Chauncey is a mentally challenged gardener who worked for one family his entire life, and never ventured outside the walls of the garden. He was an avid TV viewer, and that shaped his entire world view. When the family died off, he ventured out into the world, ending up as an advisor to the president with words … Continue reading The “Wisdom” of Ben Bernanke