Seriously, this was a complete non-answer. He acknowledges the benefits of the Austrian school, but then tries to pretend that we can have the benefits of free markets with government interference (expressed as help to some) at the same time.

One of the main points that the Austrians and classical economists make is that interference works against and destroys the efficiency of markets, which is the source of the benefits they create and that Bernanke covets. The more you interfere, the more the pie shrinks. The more the pie shrinks, the more you have to tax and confiscate from producers. The pie shrinks again. To maintain appearances, we have to throw funny money at problems. This will lead to inflation, which will lead to further government controls. As it is, our stock, bond, currency, and commodities markets are controlled already.

People are still fooled at this point because they can still buy a quality beer for $4, of a Cadillac for $60,000. Our current system is more about maintaining appearances than real wealth creation, which is anywhere and everywhere savings and investment.

By violating fundamental laws of economics, Bernanke is trying to defy fundamental laws of physical reality, such as gravity. The mere fact that he has a jetpack that temporarily suspends him in air does not mean that he has suspended the laws of gravity. He merely defied it a little longer than the average high jumper until it runs out of fuel. Bernanke is running out of fuel. Believe it.