I had never heard of Ben
Bernanke before he was assigned as my alias. Ben’s work is important because he
is credited by some for steering the Fed during some of the biggest financial
challenges since the great depression. He is also credited for jump starting a
still moderate U.S recovery. It is said that Bernanke’s knowledge of economic
recoveries is do to he’s intensive knowledge of the great depression. Though
Bernanke worked for the nation he’s work is still relevant to the course
because you can view the entire nation as a very complex organization.
I am surprised that you hadn't heard of Bernanke before. I imagine that you were in high school in 2008 when Lehman Brothers went belly up and the financial system stopped functioning. At the time Hank Paulsen was Secretary of the Treasury and Bernanke Chair of the Fed. His name was in the newspaper almost on a daily basis.
ReplyDeleteTruthfully, I'm not sure his work is directly relevant to our class. But he did apply the monetary economics ideas of Milton Friedman to fighting "The Great Recession" and is well known for that. It is reason enough to use his name for your alias.