Thanks in large part to Bernanke’s policies, the rich have never been richer, and the gulf between the haves and have-nots has never been wider. No wonder billionaires like Bernanke.
But there is the downright frightening prospect of what might happen to the bond market if the Fed ever decides to sell some of the $4 trillion of assets — all those bonds it has been buying — on its balance sheet, which is five times larger than before Bernanke’s buying spree. Assessing Bernanke
Drawing by Dr. JanTomashoff
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