Article Review 3

Stockman has written another article, with another prediction of the economy crashing after a certain point, with keynesian economists affecting the outcome of it greatly with the policies they helped to produce and enforce for the federal government. The main person talked about, Bernanke, is ridiculed throughout for his reasoning and the ideas that he helped implement, as the policies created a lot of change in the government's economy that cause it to be in it's little bubble that will eventually pop harshly. With reaching very low unemployment being the reasoning for his decisions, and taking credit for it by saying that under his policies it happened, Stockman argues that Bernanke really didn't do anything overall except cause excessive spending that's not needed, as shown by the amount spending has increased and the rate unemployment went down. With the amount of spending, unemployment should technically be nonexistant, but it only altered it by just a little bit that Stockman constantly argues against of it not adding up. Having increased spending by so much, along with having a 0 interest rate policy, the U.S. is in a bad spot, as such a low interest rate won't cause any revenue to actually be made. Bernanke's thinking of European governments also seems silly, as Stockman compared both the U.S.'s and Germany's GDP growth rate, in which both have different types of economies and policies, and showed Germany's was slightly higher, even after the U.S's massively increased spending to try to help out the economy.