Velocity Wanted: Effective Ways to Stability 01
The former Fed chairman Ben Bernanke is a Big Fan of so many: 1) Regulation : “And I'm a big fan of regulation of the financial system. I think [sic] is very different from regulating other industries. It's a very special industry, it requires a particular type of oversight to make sure that you minimize the risk of major breakdowns.” (Speech at the Nobel reception, Dec. 2022). 2) Fiscal policy : We might just recall the “alphabet soup” representing what Chairman Bernanke did in the Great Recession together with the two Secretaries of the Treasury . In effect, “End This Recession Now!” Not to mention, so many bailouts were included in his portfolio for the sake of an instantaneous "Ending." 3) Monetary policy : Remember the name Helicopter Ben ? The “ helicopter drop of money ” is suggested in Bernanke (Nov. 21, 2002) as well as in Friedman (1969). ...