Poor Bernanke

Here is what Bernanke has to deal with.

The BBFiles is by nature anti-stupid people... making it easy to pick on this poorly argued article on MSNMoney. When the author says that Bernanke gave the Japanese bad advice, we wonder what Japan he is talking about. Japan has had a stagnant economy since the early 90's. They have gone MASSIVELY into debt (their Debt to GDP ratio is several times higher than America's), and have printed trillions of Yen to improve economic conditions. Yet, even with this they have suffered from negative inflation for 20 years! Bernanke realizes that for the common person deflation is as bad as (or worse than) inflation. Bernanke does not want the USA to suffer from inflation or deflation and looks for a good "channel" (about 3-4%) for price changes to sit. We currently have .01% inflation, which is causing 10% unemployment. Only someone that would gain from inflation would want us to change our policy right now... maybe a gold bug. The author's good friends own gold companies, so of course this author is bias against Bernanke.