Bernanke’s strategy: Print And Pray

The continued ad hoc inflationary American monetary policy is becoming more and more pathetic:

However, he said only time would tell how successful the exercise was.

‘We hope that in two or three years we will be able to reflect on the banking system’s return to health with a sharply diminished reliance on government capital,’ Bernanke said.

Ben Bernanke may as well say: “Shucks, guys. We really have no idea what we are doing so we are just going to keep on printing money until…. well, until things turn around, I guess.”