Bye-bye, Bernanke

Ben Bernanke has vocally criticised the Fed’s 1930s actions. But based on his theories, the outgoing chairman could be found guilty of causing the Great Recession.

On January 31, we will bid goodbye to chairman Ben Bernanke and say hello to chairman Janet Yellen. Most commentary has focused on what Yellen’s ascendancy might mean for the Federal Reserve and the US economy, but today I’d like to consider how Bernanke’s legacy might he be regarded in future years -- say, 70 years after the crisis we’re in now.

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