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Federal Reserve Chairman Ben Bernanke appears to have a penchant for 'jelly donut' monetary policy, according to noted hedge fund manager David Einhorn.
'A Jelly Donut is a yummy mid-afternoon energy boost. Two Jelly Donuts are an indulgent breakfast. Three Jelly Donuts may induce a tummy ache. Six Jelly Donuts ' that's an eating disorder. Twelve Jelly Donuts is fraternity pledge hazing,' Einhorn wrote in an article for the Huffington Post.
'My point is that you can have too much of a good thing and overdoses are destructive,' Einhorn continued. 'Chairman Bernanke is presently force-feeding us what seems like the 36th Jelly Donut of easy money and wondering why it isn't giving us energy or making us feel better.'
Einhorn, president and co-founder of Greenlight Capital, went on to take Bernanke to task for his misguided and reckless economic theories that have helped prevent the U.S. economy from achieving a sustainable recovery.