Fed Chairman Ben Bernanke hardly had Princeton’s class of 2013 rolling in the aisles during their commencement ceremony, but they weren’t nodding off as most graduates do during their ceremony. “Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.” He even quoted the New Testament, which he was confident would not upset his rabbi as it was in a good cause.

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