Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

‘Show Grit Like Bernanke’

By -

So Janet Yellen is giving the old Knute Rockne routine to the graduates at NYU.

Yellen tells graduates: Show grit like Bernanke

“We’re going inside ’em… we’re going outside ’em… and when we get ’em on the run once, we’re gonna keep ’em on the run!” –Knute Rockney

“My predecessor at the Fed, Chairman Ben Bernanke, demonstrated such courage, especially in his response to the threat of the financial crisis. To stabilize the financial system and restore economic growth, he took courageous actions that were unprecedented in ambition and scope.”

It takes a lot of courage to double down on the same stuff that created the financial crisis to begin with. Putting out fire with gasoline… yes, that takes courage. (more…)