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Congress Demands Bernanke’s Exit Strategy

lastman Wrote: Feb 22, 2013 7:11 PM
The idea that that the economic decisions of 300 million plus people can be optimized is ludicrous and to attempt to control them, much less optimize, requires an arrogance of gigantic proportions. Now they can, with some degree of accuracy, influence interest rates and inflation and they do so to the advantage of the few. And obviously, they can engineer the bailouts of their cronies.

In a long overdue, yet surprising move, Jim Jordan, chairman of the House Subcommittee on Economic Growth demands answers on Bernanke's exit strategy.

Rep. Jim Jordan (R-Ohio) is demanding that Federal Reserve Chairman Ben Bernanke explain exactly how he plans to wind down the Fed's massive portfolio once its run of bond buying comes...