``Chairman Bernanke has been widely lauded for his "courage". Firemen entering burning buildings in search of trapped victims are brave. Our troops are courageous. I would see Bernanke and contemporary central bankers much more in terms of "daring." And it was the Bernanke doctrine of inflationism that basically provided open checkbooks to central bankers (and governments) around the globe. It's becoming a lot less thrilling now that the bills are starting to come due.''

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