What Ben Bernanke could learn from liberal conspiracy theorists

It ain't a conspiracy if it's true

Ben Bernanke
(Image credit: Brooks Kraft/Corbis)

"Never assume maliciousness when simple stupidity is an adequate explanation for someone's behavior."

That's a bit of wisdom my mother once imparted to me. And it appears former Chair of the Federal Reserve Ben Bernanke would agree. Bernanke's new memoir of his time at the Fed — a tenure defined by the central bank's response to the financial crisis and the Great Recession — was released on Monday, and Neil Irwin caught a choice quote from the book's later chapters. It's ostensibly about lefty presidential contender Bernie Sanders, but it actually hides a whole theory about capitalism:

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.