Central bankers are “counterfeit money printers” and Federal Reserve Chairman Ben Bernanke should resign for messing up the U.S. economy so badly, Marc Faber, author of the Gloom, Doom and Boom, told CNBC on Friday.
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report |
He said Bernanke was one of the main proponents of an ultra-expansionist economic monetary policy that was to blame for thelatest financial crisis.
“If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by a crash,”
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