Desperate Revisionism

She musters a smile
For his nostalgic tale
Never coming near what he wanted to say
Only to realize
It never really was
--Doobie Brothers

Former Fed Chair Ben Bernanke has been floating op eds recently defending FOMC actions during his tenure. No different from Greenspan's desperate attempts at revisionism, really. Of course, it will take more than some well placed editorials to revise history.

One of his claims is that the most meaningful contribution of the Fed's quantitative easing programs has been to the labor markets.

Perhaps, Ben, but almost surely not in the way you'd like people to believe.