Wednesday, December 2, 2015

Bernanke Pats China On The Head

In a somewhat bizarre post on his blog, Bernanke gives China a "gold star" for gaining access to the IMF's SDR.  From the post:

If your elementary school was like mine, when you did a good job on your homework you got it back with a gold star pasted on top. The gold star was not valuable itself—you couldn’t deposit it in the bank—but it recognized your good efforts and, maybe, motivated you to work hard on the next assignment. 


 

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