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Bernanke and Einstein’s Definition of Insanity

August 5, 2011

Albert Einstein defined insanity as doing the same thing over and over again and expecting different results.

Bernanke has tried QE1, QE2 with dismal results.  Yet, he seems on the verge of embarking on QE3

Do you think he fits the Einstein definition of insanity?  Or is it because, having run out of ammunition and ideas, he wants to be seen to be doing something? 



From → Credit Analysis

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