He could be sitting there, in his tower on a campus, watching the commoners below riot against armored men with swords, sieves and AK-47s, waiting for the last drop of blood to spill. Then turn back to his writing, his journaling, and his commitment to let the chips fall where they may. It's just survival of the fittest in an environment of greed, greed and more greed.
You bought a ticket to be part of the carnage, did you? You're paying the price soon enough, if you already haven't. You didn't buy a ticket today? Goody for you. Stay on the sidelines, now. Don't let the sharp, pointy instruments of death get near your or the kids. Back up some. Part of me wants him to fix the damned fed rate. But a different part of me actually agrees with him. We live in a world, our American universe, where greed encourages us to cannibalize. You have good credit? We'll make money off you. You have bad credit? Nice. We'll make a TON of money off you. Don't worry, you can afford 24% interest. And don't forget to sign up for our max savings program (5%).
You have no credit? Well, uhh, what's that? You don't like taking out loans or credit lines, and that's why you have no credit? Ma'am, we can't do business with you. Obviously, you won't make us money because you'll pay back your debt too quickly. Please go get a line of credit at a store, pay their outrageous interest rate, and come back to us in about a year.
That whole line of reasoning is effed up. People who pay their interest quickly or even completely avoid credit when possible should be rewarded, not kicked to the curb. Our culture rewards (temporarily) horrible spending practices. Then we wonder how we end up $1.3 trillion in debt to China.
We're a damned greedy nation, and Bernanke may be one of the last sane men with some responsibility toward the future. He's not responsible for our sordid past. I'm just glad I ain't him.
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