Central bankers: blaming the victim

Ben Bernanke may yet be reappointed as president of the US Federal Reserve in January. But he already seems to be drafting his own version of economic history, just in case. In a speech to the global conference of central bankers at Jackson Hole, Wyoming, the leading member of the profession blamed investors for the crisis and praised – would you believe it? – central bankers for their response. The Bernanke narrative starts by glossing over a big mistake. Last year’s meeting occurred weeks bef...