From the Financial Times:

“Bernanke, who led the Fed for two terms from 2006 to 2014, was criticized in some quarters for failing to foresee the 2008 crisis and failing to tackle the problems building in property markets, and for then deploying vast sums of public money to rescue some Wall Street companies from the consequences of their bets on subprime mortgages. He also pioneered the use of unconventional monetary policy, launching the Fed’s quantitative easing program to boost the economy when interest rates were already at zero. Some economists believe the loose monetary policy was instrumental in restoring the US economy to growth, but others say it fueled inequality, artificially inflated asset prices and ushered in a period of cheap money that sowed the seeds of the current inflation crisis.”

Let’s be clear. The guy gets credit for basically implementing “helicopter money” and creating the basis of the inflation we are seeing today. And he missed every telltale sign of credit and lending excess that led to the 2008 mess. Do we get a prize for stocks that are going down?