All Praise Ben Bernanke

 Economists are mostly impressed with Bernanke's record, but conservative politicians and pundits certainly aren't. That's a problem, because to remain an effective central bank the Fed needs to guard its operational independence

If Ben Bernanke had known what was coming when he was offered the chairmanship of the Federal Reserve in 2005, he might have turned the job down. Most sane men would, and Bernanke is as sane as they come. The U.S. was lucky he was there when having an outstanding Fed chairman mattered so much. This was his last week in charge: He's mostly being applauded, by economists at least, and he richly deserves it.

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