3 votes

Are You Happy? Ben Bernanke Wants to Know

Ben Bernanke wants to know if you are happy.

The Federal Reserve chairman said Monday that gauging happiness can be as important for measuring economic progress as determining whether inflation is low or unemployment high. Economics isn't just about money and material benefits, Bernanke said. It is also about understanding and promoting "the enhancement of well-being."

Bernanke and Fed policymakers rely on reports on hiring, consumer spending and other economic data when making high-stakes decisions about the $15 trillion U.S. economy. The Fed's dual mandate is to maintain low inflation and full employment.

http://abcnews.go.com/Business/wireStory/happy-ben-bernanke-...

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I had the chance to be happy when I heard

I had the chance to be happy when I heard that a Bernanke died this week, but it turned to sadness when I found out it wasn't Ben.

Bernake is concerned about the Gross National Happiness??

I suppose us poor and happy folks will not be counted.

Cyril's picture

My answer to Mr. Bernanke's question

Mr. Bernanke :

are you, THE HECK ! for real ??!!!

Seriously.

Every time I read anything about you or your statements, it just seems to me you HAVE TO BE so utterly ... SURREAL.

No, I'm not happy to see an ENTIRE young country's People being screwed, that much deep, with that much hurting and worthless PAPER, by CON ARTISTS like you.

Does this help ?

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Let me suggest that you ramp

Let me suggest that you ramp up the unhappiness meter in your model, Benji, because you haven't factored in how your perpetual screw job on savers is responsible for much grief. Especially those retirees who count on income from their savings, Ben, they're extra special unhappy right now.

You also might want to consider pushing it up another notch or two to reflect your underestimation of the unhappiness among the millions of underwater borrowers caused by your earlier mistakes, not to mention the additional unhappiness caused these folks when they saw their future earnings given out to the banksters, thereby relieving those undeserving crooks from having to negotiate down loan principal and rates with these very same borrowers.

Finally, you can move that unhappiness value a decimal point a digit or two to the right to reflect the unhappiness you've caused every investor who now has to spend a significantly greater percentage of his time attempting to protect himself from the present and future ravages of your unprecedented counterfeiting.

Okay, just one more suggestion Ben. There IS a way to REDUCE the unhappiness variable, my friend. Resign.

Never trouble trouble til trouble troubles you. Fortune Cookie

PS I don't know how it

PS I don't know how it slipped my mind Ben, but I forgot about the kids. They're unhappy too, especially those recent college grads without jobs. You know, the ones who are now debt slaves for life thanks to their student loans made possible thanks to that easy money you made available to the banksters loan sharks, not to mention your promise to always be there to buy up the debt used to pay the bills run up by your pals in Congress who guaranteed those loans, making them possible in the first place.

And speaking of the DC crowd, okay, they're actually HAPPY and you get the full credit 'cause you make it possible for them to borrow perpetually to buy the votes they need to stay in power. But don't forget to offset that happy poisitve with the unhappiness caused the loved ones of those killed or maimed in the endless wars made possible by this borrowing.

In all fairness, Ben, I must give you credit where credit is due. You are very perceptive to see that we do have just a bit of an unhappiness issue. Maybe we even need to petition Congress to add a 3rd Fed mandate - happiness. Can you give us a plan for how the Fed might increase happiness Ben? Better yet, given your track record, why don't you work on Increasing UNhappiness, since most of your actions seem to lead to the opposite outcome than what was intended.

Never trouble trouble til trouble troubles you. Fortune Cookie

Immovable object vs. irresistable force

From a purely academic angle, it would be interesting to see what would happen if the the Fed was tasked by congress to increase the overall level of misery in the country. On the one hand, they've failed so miserably at every stated objective they've been given. On the other, they've shown an enormous aptitude in making people miserable, it could be the one thing they do best.