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IPFS News Link • Federal Reserve

Former Fed Chair Ben Bernanke Wins Nobel Prize For Wrecking the Economy

• https://mishtalk.com by Mish

The BBC reports Ben Bernanke, Former US Federal Reserve Chief, Wins Nobel Prize.

Ben Bernanke, who led the US central bank during the 2008 financial crisis, is one of three recipients of this year's Nobel prize in economics. The Nobel Foundation chose to recognise work by Mr Bernanke about the importance of preventing runs on banks.

He shared the prize with economists Douglas Diamond and Philip Dybvig. 

The Nobel Foundation said their research had "improved our ability to avoid both serious crises and expensive bailouts".

Exclusive Bernanke Interview

In an exclusive MishTalk coup, Ben Bernanke agreed to an interview.

Mish: Why do you think you won the Nobel Prize? 

"To learn how to save the economy, we first had to wreck it. That's the real reason I won the prize," said Bernanke. "And boy did we wreck it."


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