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...

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Publicado en:Independent Review Vol. 15; no. 4; pp. 485 - 519
Autor principal: Hummel, Jeffrey Rogers
Formato: Artículo
Publicado: Independent Institute Spring 2011
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Ben Bernanke versus Milton Friedman: The Federal Reserve's Emergence as the U.S. Economy's Central Planner.
      aug:
        au: Hummel, Jeffrey Rogers
      su:
        Bernanke, Ben, 1953-
        Friedman, Milton, 1912-2006
        Board of Governors of the Federal Reserve System (U.S.)
        Economic history
        United States economic policy
        History
        Central banking industry
        United States
      sug:
        subj:
          United States
          Board of Governors of the Federal Reserve System (U.S.)
          Economic history
          United States economic policy
          History
          Central banking industry
          Bernanke, Ben, 1953-
          Friedman, Milton, 1912-2006
      ab: 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.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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