Ben is puzzling to Congress

His implied claim is that Congress does a better job of allocating resources than his own group of bankers:

“We need to address the deficit; that’s very important,” Bernanke told the House Financial Services Committee in a March 2 hearing. “But I think it would be most effective if we did that over a timeframe of 5 or 10 years and not try to do everything immediately.”

Yet he plans to cut off the spigot for Congress in June. His claim is that he plans to stop the flow because the stock is full:

“It’s really the total amount of holdings, rather than the flow of new purchases, that affects the level of interest rates.”

But the stock is full because finance cannot find better things to do with the money. Well if finance does worse than Congress, why not eliminate finance and have everything done by Congress? (By the way, the issue is flow, not stock and Ben knows it)

Let's try to answer this puzzle:
1) We can rule out that Ben is a formal socialist
2) Perhaps finance is broken. But broken three years after the crash? If finance is broken three years after the crash and cannot fix itself, then Congress should have fixed it and we are back to 1.
3) Ben is just mouthing words to pay homage to his years of lousy analysis and really expects Congress to cut the blubber. This reminds me of the mea culpas we get explicitly (DeLong) and implicitly (Krugman). These guys really have accepted that the physicists have cracked the puzzle and they are trying to acknowledge gracefully.
4)  Network Theory has won the game and we are seeing a sea change in economics. 4 implies that central banking needs to cover the real economic network, that means distribution of power out of DC. This is where John C Williams should lead the restructuring, peripheral central banking out to California with currency zones and distributed power. Escape from the Great Exogenous. Thus we understand the 5-10 year framework, Ben doesn't want California skipping out on its $2 trillion debt repayment.

By the way, a little word play. Do we all know what DC means in electronics? Direct Current, DC, is is the zero frequency on the spectral curve, the infinite term on the bankers curve, the point where we have one single, unchanging transaction, the Great Exogenous.

Jerry Brown, are you listening?