Dec 08/14 – The sound of trumpets from the Bernanke was right all along crowd

Friday’s terrific US employment report sure has brought out the victory laps by all the neo-classical economists who have for the past half dozen years steadfastly stood by Bernanke & Co.‘s policies. Their jubilant attitude can best be summed up by Matt Busigin’s terrific piece titled “Only Bernanke knew Oil is not inflation”. It is actually a good arti…