Friday, June 22, 2012

Ben Bernanke: rainbow warrior

People, oil is at $80/barrel. I know about the scissors and all, but I believe this is mainly due to low demand. So while we criticize Bernanke's failures to get unemployment below 8%, let's also celebrate his environmental accomplishments.

No one has done more to fight global warming that Ben Bernanke. I suggest we switch him from "Helicopter" Ben to "Rainbow Warrior" Ben.


Woj said...

Nice. I always try to explain to my "green" friends that increasing poverty is the best way to save the environment.

James Oswald said...

I doubt a central banker has that much control over relative prices, especially when the good in question has very thick, liquid markets. Maybe he reduced oil consumption by the degree to which he reduced employment and production in markets which use oil, but that's really something that even most environmentalists want to argue/believe.

MoonshineMike said...

but man, those gas prices sure don't look that good to the american consumer.