Intro
Dr Ben Bernanke currently works as a Distinguished Fellow-in-residence with the Economic Studies Program at the Brookings Institution. However, he is best known for his role as Chairman of the Board of the Federal Reserve System (also known as the Fed) from 2006-2010, a period marked by the 2008 Financial Crisis. Many experts and influential leaders, including Barack Obama, credit Bernanke for “preventing another Great Depression”.
Bernanke is an expert in macroeconomics, specifically monetary policy. His ideas, which influenced many of the decisions taken by the Fed following the collapse in 2008, can be summarised by the ‘Bernanke Doctrine’ a speech he gave upon his initial appointment as a Governor of the Fed in 2004. He is a scholar of the Great Depression, specifically its underlying causes and the lessons that could be learned from it.
A former Princeton Professor, Dr. Bernanke has published several scholarly articles tackling a wide range of economic issues. He is the author of several books, including ‘The Courage to Act: A Memoir of a Crisis and its Aftermath’, which documents his experience as Chairman of the Federal Reserve during and after the 2008 financial crisis.
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression1
