The alleged criterion for TIME magazine's "Person of the Year Award?" It's supposed to be the guy or gal who "for better or for worse … has done the most to influence the events of the year."
So, who do they pick? The guy whose picture belongs in the dictionary next to the word "ineffectual."
If Hollywood could cast actors posthumously, they'd give Peter Sellers the lead in the Bernanke biopic and tell him to shoot for a happy medium between Inspector Clouseau and Chauncey Gardiner.
That is all -- the thing is just too damn dumb to merit more than a couple of one-liners. While I'm at it, though, I should probably remember to link to my C4SS column yesterday on this very topic.
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