Bernanke,
Nobel Prize in Economics,
bank runs,
stock markets,
great Depression,
Бернанке,
Reconstruction Finance Corporation,
Volker Disinflation,
quantitative easing
Abstract
Bernanke’s policy, as today’s global inflation demonstrates, was not beneficial for the economy of the Unites States as well as for the global financial system in the long run. Yes, in 2008-2009 it “plugged holes”, but in the long run it only accelerated the global tendency of ruining the global financial system, and especially the financial system of USA. At the same time, previous two crises and their solution experiences clearly demonstrated that another policy was mode adequate in such situations. Those two solutions were more beneficial in the long run as they let USA “clear” its economy and launch its long-term powerful economic development.
