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No Doubt Ben Bernanke Is Sincere, But What If He Is Sincerely Wrong?

Posted by
December 7, 2010
in Blog

“As you no doubt know, Ben Bernanke gave an interview tonight on CBS 60 Minutes. Let me stress once again, as I have in the past, that I consider Ben Bernanke one of the most genuinely nice guys among elite economist I have had the good fortunate to meet. He has no reason to remember me, but we actually spoke several times when he visited NYU and he answered my questions about his studies on the Great Depression and monetary policy. He tolerated my questions and always talked to me, not down to me. And I certainly don’t view him in his capacity as the Fed Chairman as engaged in some grand political conspiracy to make his friends rich and the rest of us poor. I view his “mistakes” as a result of intellectual error. His scholarship on the Great Depression is rigorous and carefully done. But his focus was on the 1930s, not the policy errors of the 1920s that caused the problems. He read Friedman, perhaps he would have been wise to have read Hayek.” Read more.

No Doubt Ben Bernanke Is Sincere, But What If He Is Sincerely Wrong? 
Peter Boettke 
Coordination Problem, December 5, 2010. 

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