Article 3

 Due to all the free money in the market as ZIRP and other policies Stockman holds to be dumb is brought up again in the article. He disagrees with Ben Bernanke who created ZIRP and other Keynesian policies. Stockman consistently quotes Bernanke throughout the article, while counterattacking the facts Bernanke states. The global economy has been messed up due to the central banks who are trying to prevent another financial bubble from popping. He also makes pointed remarks at commentators on the current state of the economy. He addresses how the policies set by the Feds have made little to no impact on the job market. Also, the Feds either have a really misleading number of job growth or they have a bad accountant. He analyzes how the economic state in relation to the US’s and points out how the differences in their improvement and ours does not lie in the arguments stated by Bernanke. For example, Germany has a balanced budget and a slightly better real GDP than the US, but Bernanke criticizes their government for rejecting the Keynesian playbook. On the other hand, Bernanke praises Britain for their “solid recovery, in large part because the Bank of England pursued monetary policies similar to the Red’s in both timing and relative magnitude” even though their real estate prices are up by 50%.What really annoys me is how all he uses all the acronyms. After looking them up, two results end up occurring. I get more confused by the definition of the term or I cannot find the correct phrase for the acronym like BM economics. This writing was a bit difficult to follow because it appears that it was not read over after having been written with many grammar and spelling errors. It is interesting to see how the government continues to botch up numbers and statistics to make the public feel safe when we are headed towards an economic bubble burst.