Without Bernanke, We'd Be Worse Off

As a scholar of the Great Depression and Japan’s struggles with monetary policy constrained by the zero lower bound of nominal interest rates, Ben Bernanke was an ideal candidate for comprehending and combatting the financial crisis, Great Recession and ensuing U.S. economic stagnation. In 20/20 hindsight, I don’t think President George W. Bush could have picked a more appropriate Fed chairman – Bernanke was hands down the best appointment that administration made. 

s a scholar of the Great Depression and Japan’s struggles with monetary policy constrained by the zero lower bound of nominal interest rates, Ben Bernanke was an ideal candidate for comprehending and combatting the financial crisis, Great Recession and ensuing U.S. economic stagnation. In 20/20 hindsight, I don’t think President George W. Bush could have picked a more appropriate Fed chairman – Bernanke was hands down the best appointment that administration made. 

- See more at: http://www.thefiscaltimes.com/Columns/2014/01/31/Bye-Bye-Bernanke-Without-You-We-d-Be-Way-Worse#sthash.HcmjtaHQ.dpuf

s a scholar of the Great Depression and Japan’s struggles with monetary policy constrained by the zero lower bound of nominal interest rates, Ben Bernanke was an ideal candidate for comprehending and combatting the financial crisis, Great Recession and ensuing U.S. economic stagnation. In 20/20 hindsight, I don’t think President George W. Bush could have picked a more appropriate Fed chairman – Bernanke was hands down the best appointment that administration made. 

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