Did Bernanke honor his promise to Milton Friedman?
Bernanke has not honoured his promise However, in the last few years American monetary policy has otherwise been conducted in almost blatant disregard of Friedman’s research messages.
What did Ben Bernanke say to Milton Friedman at Friedman’s 90th birthday party?
As Bernanke, while still only a member of the Fed’s board of governors, said in an address at a ninetieth-birthday celebration for Friedman: “I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again” (2002b).
What two things are needed to keep a banking system healthy?
Two things keep a banking system healthy: confidence and liquidity.
What is monetary output?
Most economists would agree that in the long run, output—usually measured by gross domestic product (GDP)—is fixed, so any changes in the money supply only cause prices to change. …
What did Ben Bernanke do during the financial crisis?
He was the first central bank chairman to pull its benchmark interest rate down to near zero, and the Bernanke Fed implemented a slew of programs that have been resurrected to deal with the current crisis.
How old is Bernanke?
67 years (December 13, 1953)
Ben S. Bernanke/Age
Ben Bernanke, in full Benjamin Shalom Bernanke, (born December 13, 1953, Augusta, Georgia, U.S.), American economist, who was chairman of the Board of Governors of the Federal Reserve System (“the Fed”; 2006–14).
Is Alan Greenspan married?
Andrea Mitchellm. 1997
Joan Mitchellm. 1952–1953
Alan Greenspan/Spouse
Where was Jonas Bernanke born and where did he live?
Jonas Bernanke was born in Boryslav, Austria-Hungary (today part of Ukraine ), on January 23, 1891. He immigrated to the United States from Przemyśl, Austria-Hungary (today part of Poland) and arrived at Ellis Island, aged 30, on June 30, 1921, with his wife Pauline, aged 25.
When was Milton Friedman’s ninetieth birthday in 2002?
November 8, 2002 On Milton Friedman’s Ninetieth Birthday I can think of no greater honor than being invited to speak on the occasion of Milton Friedman’s ninetieth birthday. Among economic scholars, Friedman has no peer.
When did Milton Friedman start tightening monetary policy?
The first episode analyzed by Friedman and Schwartz was the deliberate tightening of monetary policy that began in the spring of 1928 and continued until the stock market crash of October 1929.
