What makes me say this? Part of the reason is circumstantial to be sure: Dan Kervick just praised him:
"It appears Bernanke has actually learned something int the past 13 years."
Call it a man bites dog moment when an MMTer like Dan has something good to say about Bernanke.
Scott Sumner, Mr. Market Monetarist, though is perplexed:
"And what are the odds that someone in the Congress would ask him the obvious question? After all, isn’t the Congress full of Republicans who think Bernanke’s pursuing an inflationary policy? Do they become born-again post-Keynesians the minute Bernanke walks into the room? Does the GOP now believe in liquidity traps? Or is this sort of exercise as silly as trying to decipher what an orangutan is “really thinking” when playing with an iPad?"
So Bernanke the Post Keynesian?! Here is a comment of his before Congress that no Market Monetarist could say ever:
"Bernanke has warned before of a possible setback to growth from the expiration of tax cuts and reductions in federal spending. The policy changes could more than offset the economy’s progress in recovering from the longest recession since the Great Depression, he said in an April 25 press conference."
“If no action were to be taken by the fiscal authorities, the size of the fiscal cliff is” so large that there’s“absolutely no chance that the Federal Reserve would have any ability whatsoever to offset that effect on the economy,”Bernanke said.