Bernanke - Old Greenspan in New Bottle?

Ravi Batra

Alan Greenspan critic Ravi Batra — who coined the word “Greenomics” — is turning his sights to the Fed chair’s successor: Ben Bernanke. SMU economist Batra is the author of Greenspan’s Fraud: How Two Decades of His Policies Have Undermined the Global Economy . Bernanke has many qualities that Batra thought Greenspan lacked, such as an academic background and solid credentials as a researcher. So how does this gadfly economist see the new Fed chair?

“Ben Bernanke is more or less old Greenspan’s wine in a new bottle,” says Batra the author of six international bestsellers, two of which were New York Times bestsellers, including The Great Depression of 1990. “Like Greenspan, Bernanke is anti-labor and pro business; so we will continue to see the paradox of a dwindling American living standard in a growing economy.”

Batra is best known for his forecasts based on examining historical cycles. Other angles Batra can discuss:

• Bernanke’s biggest challenge
• Greenspan’s legacy
• The Global economy

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