Wednesday, April 29, 2015

Bernanke's Payday

Now did you read the news today
They say the danger's gone away
But I can see the fire's still alight
Burning into the night
--Genesis

Two weeks ago it was announced that former Fed chair Ben Bernanke was going to work for the high frequency trading (HFT) powerhouse hedge fund (and long rumored Federal Reserve agent) Citadel. Today we learn that Bernanke is also scoring a gig with bond fund giant Pimco. 

Rothbard liked to observe that understanding the body of work of a government official is more complete when one examines the official's behavior outside his/her bureaucratic tenure.

Perhaps some people see more clearly today...

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