Thursday, December 10, 2009

Bernanke Nomination Makes Colbert Report

Francis already posted on the nomination of Ben Bernanke to continue on as chairman of the Federal Reserve Bank, but since that has sunk down the page, let me recommend the first 10 minutes of Tuesday's Colbert Report. I have pitched this to my 1st period, and now I see today that one of the top economists in the country has posted it on his blog (without any comment or analysis, unfortunately). So it isn't just me! :)

1 comment:

Jessica B said...

Well first of all I was shocked to learn how the Fed actually sets the prime interest rates for loans! That's fascinating!!!

During Colbert's interview with Sanders, it seemed like Sanders was a little hypocritical. He identifies himself as a democratic socialist who wants to redistribute the wealth in the country, going against the capitalistic "rules" that run most of the economy, BUT then he starts talking about how his father came to America w/o a nickle in his pocket and how this country has fullfilled the dreams of immigrants all over the world. So if the country has fullfilled all these dreams then why is he bringing that up when he is opting to change the economy?! well, I guess Colbert cut him off and started talking over him, so he probably didn't finish his thought, but I just thought it was a weird point to bring up.