Question for readers

Do you agree with Time's choice of Ben Bernanke as Person of the Year?

To paraphrase an old Paul Krugman saying, "Whom the Gods would destroy, they first put on the cover of BusinessWeek Time magazine."

By the way, here's a little Bernanke nugget from The Wall Street Journal's Real Time Economics blog:

In an extended interview with Time Magazine, Fed Chairman Ben Bernanke says he refinanced his own mortgage a couple of months ago at 5%, and switched from a floating rate, which the Fed chairman said “exploded” in cost, to 30-year fixed. Mr. Bernanke bought a 2,600 square foot house in 2004 for $839,000.

A conspiracy theorist might infer that Mr. Bernanke sees rates rising a lot in the years ahead. Why else lock in a low rate now? It’s also interesting that he had an adjustable rate mortgage whose cost exploded. Could the Fed chairman have been in an exotic mortgage with a rate that reset much higher?