Ben Bernanke versus Milton Friedman: The Federal Reserve's Emergence as the U.S. Economy's Central Planner.
The writer provides his take on economists Ben Bernanke and Milton Friedman's views on the Federal Reserve's role as the U.S. economy's central planner. He notes that although Bernanke, the current governor of the Federal Reserve, agrees with Friedman that the Federal Reserve was responsible for th...
| Publicado en: | Independent Review Vol. 15; no. 4; pp. 485 - 519 |
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| Autor principal: | |
| Formato: | Artículo |
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Independent Institute
Spring 2011
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The writer provides his take on economists Ben Bernanke and Milton Friedman's views on the Federal Reserve's role as the U.S. economy's central planner. He notes that although Bernanke, the current governor of the Federal Reserve, agrees with Friedman that the Federal Reserve was responsible for the Great Depression, Bernanke draws a different lesson from the central bank's mistakes in failing to offset the series of crisis at that time. He adds that it is this difference that helps explain Bernanke's eagerness for the Federal Reserve to play a larger role in centrally planning the U.S. economy. |
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