Wisdom from here:
Ben Bernanke and his colleagues at the Federal Reserve, for example, have refused to acknowledge that by keeping interest rates at zero “for the foreseeable future,” they have begun to generate new bubbles in financial assets and overheated the economies of developing countries, where much of the money is going. These are many of the same folks, after all, who once claimed they couldn’t see the credit and real estate bubble developing right under their noses — and, once those bubbles burst, rejected criticism that overly loose monetary policy might have been a cause.
Point of my film. That said, I disagree completely with a ‘fix’ he mentions — more government spending.