Paul Krugman: Et Tu, Bernanke?

For the most part, Ben Bernanke and his colleagues at the Federal Reserve have been good guys in
these troubled economic times. They have tried to boost the economy even as most of Washington
seemingly either forgot about the jobless, or decided that the best way to cure unemployment was
to intensify the suffering of the unemployed. You can argue — and I would — that the Fed’s
activism, while welcome, isn’t enough, and that it should be doing even more. But at least it didn’t
lose sight of what’s really important.

Until now.