Bernanke's bent for openess will serve him well

After the United States left the gold standard in 1933, president Roosevelt would hold a conference from his bed with his advisers. There, he personally set a daily target for bumping up the gold price, not always through scientific methods.

One day, November 3, the president suggested that gold should go up 21¢. "It's a lucky number," he explained, "because it's three times seven."

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Max Walsh


Max Walsh was for many years one of Australia’s top economic and political commentators, highly regarded as a journalist, author and broadcaster. Throughout his career, Max was involved in all dimensions of the media industry, which has encompassed positions with two of Australia’s largest publishing companies and television networks.

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