Published Friday, January 26, 2007 by Cyd Malone
Bernanke's failure to pin himself down to a firm definition of exactly what he means when referring to the gold standard leaves his writing flawed from a scientific standpoint, says Cyd Malone. Science requires exactitude, consistency, and clarity; all are inseparable from its very nature. Science defines its terms clearly and sticks to them — if you can't do that then it isn't science. The gold standard is the essay's whipping boy, its harmful effects his main warning, yet like "enemy combatant" it is loosely defined, at best.
(Original Text)
Lost In Translation (3.56 MB)