Fed Chairman Bernanke says the Federal Reserve is not printing money.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
What would count as true or false
Test: before 5 April 2011, Fed Chairman Ben Bernanke publicly stated that the Federal Reserve was not printing money, or used equivalent wording such as 'not printing money' or 'not monetizing'. Whether that statement was correct is not being judged. - True: a transcript or recording shows Bernanke making such a statement in the relevant period (about 2010 to early 2011), for example in an interview, testimony or speech. - Mostly true: he made the statement with qualifications (e.g., 'not in the sense people think'). - Mixed: his public statements in that period were contradictory. - Mostly false: he only made remarks that could loosely be read as denying money printing. - False: records of his statements from that period show he instead described the Fed's actions as printing money and never denied it.
Set before the research began.
Evidence (3)
-
E1 Ben Bernanke speaks to two audiences on "60 Minutes" Marketplace (American Public Media) · 6 December 2010
“We’re not printing money. The amount of currency in circulation is not changing. The money supply is not changing in any significant way.”
-
E2 Fed Chairman Ben Bernanke's Take On The Economy CBS News · 3 December 2010
“One myth that's out there is that what we're doing is printing money. We're not printing money.”
-
E3 CONGRESSIONAL RECORD — SENATE U.S. Congress (Congressional Record)
“It’s much more akin to printing money”
Reasoning
CBS News (E2, dated 3 December 2010) quotes Bernanke: "One myth that's out there is that what we're doing is printing money. We're not printing money." That is a direct public denial within the relevant period and before 5 April 2011. E3, a 2009 Congressional Record line saying the Fed's action was "much more akin to printing money," is undated in the evidence, does not name Bernanke as the speaker in the quote, and falls outside the 2010–early 2011 window, so it does not make his statements in that period contradictory.
Cite this claim
Michael Burry, “Fed Chairman Bernanke says the Federal Reserve is not printing money.” (said 5 April 2011). Verdict: resolved true. Reliability API, claim c_6fd52368c47e, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_6fd52368c47e
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Michael Burry
-
Mostly false
“The Superinvestors of Graham & Doddsville all lost money 3 years in a row during the mid-1970s.”
The Superinvestors of Graham & Doddsville all lost money three years in a row during the mid-1970s.
-
Mostly true
“It’s a perfect storm for Build-A-Bear (BBW), a one-of-one retailer now heavily shorted, 25% of the float, almost 9 days to cover.”
-
Resolved true
“Here is the link where I made the case last week that beneath the surface the October 6, 2026 record close in the S&P 500 looks more like the March 2000 top than any other record high since 1980.”
-
Mostly true
“October 6, 2026 stands head to head with March 2000 as the two most narrow, thin, soft new highs”
-
Mostly true
“Both stocks have retraced essentially all their gains since Trump’s election, and they put in a giant head-and-shoulders-and-elbows top for added emphasis.”
Verdicts are made automatically; how verdicts are made.