The difference is that now he says it's all because Ben Bernanke wants to, um, profit on his dollar-denominated holdings. Which is sort of like claiming that the CEO of Exxon really believes in global warming, but he wants his next beach vacation to be .1 degrees warmer.
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This is basically the same article Aaron wrote early last year:
http://www.aaronsw.com/weblog/depressions
The difference is that now he says it's all because Ben Bernanke wants to, um, profit on his dollar-denominated holdings. Which is sort of like claiming that the CEO of Exxon really believes in global warming, but he wants his next beach vacation to be .1 degrees warmer.