Bernanke's Job Is Done. Now the Fed Needs a Jobs Creator


It's time to send Fed Chair Ben Bernanke back to Princeton University. Bernanke is an expert in Depression-era economics, and his decision to flood financial markets with cash probably saved the U.S. from the fate the nation suffered in the 1930s. But Bernanke lacks the know-how the U.S. needs now -- how to use Fed policy to create job growth. That's why I'd replace him with an economist who understands something about how to generate employment.