The Bernanke Strategy

"Bernanke tries to escape criticism by three methods when he speaks publicly: (1) reviewing recent financial history at great length even though everyone in the audience already knows this history; (2) adding footnotes to bog down his critics in academic bilge; (3) mildly blaming Congress for its deficits, on the assumption that Congress will do nothing to balance the budget, and therefore the FED (and Bernanke) will escape blame when the house of credit cards finally collapses."