Paul Krugman, Truthdig
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(May 14, 2012) I think as those green shoots begin to appear in different markets and as some confidence begins to come back that will begin the positive dynamic that brings our economy back.
Do you see green shoots?
I do. I do see green shoots.
—Ben Bernanke, chairman of the Federal Reserve, interviewed by “60 Minutes,” March 15, 2009
In March 2009 Ben Bernanke, normally neither the most cheerful nor the most poetic of men, waxed optimistic about the economic prospect. After the fall of Lehman Brothers six months earlier, America had entered a terrifying economic nosedive. But appearing on the TV show 60 Minutes, the Fed chairman declared that spring was at hand.