Bernanke Offers No Plan for New Stimulus & Some Captain Obvious Advice- NYTimes.com
Economy • August 2011 • Views: 883
“The country would be well-served by a better process for making fiscal decisions,” he said, noting that the political battle over raising the debt-ceiling had disrupted the financial markets “and probably the economy as well.”
Mr. Bernanke suggested a different process, involving “clear and transparent budget goals, together with budget mechanisms to establish the credibility of these goals.”