From cato.org
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Ben Bernanke
Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics. Bernanke served the Federal Reserve in... [more]
Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics. Bernanke served the Federal Reserve in other roles before taking the chair.
In recent years monetary policy has been conducted so as to
create an expectation that the Federal Reserve will bail out investors when
asset bubbles deflate. Investors have come to bank on the Fed’s backing of
risky ventures. The recent crisis in the subprime
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