the wrong country, fighting the wrong war

This is a most excellent article:-

http://www.nakedcapitalism.com/2008/11/blog-post.html

It argues, very cogently, that Bernanke's remedies are being applied to the wrong country. The USA of today, is not the USA of the 1920's and, regardless of how much he studied the Depression, he is making a fundamental mistake in applying him remedies to today's USA...if anything, he should be the head of China's central bank!