BEN BERNANKE DEPRESSION EXPERT HAS AS HIS ONLY BOOK A BOOK ABOUT THE GREAT DEPRESSION...HOW IRONIC THAT HE IS NOW CREATING HIS OWN DEPRESSION

Essays on the Great Depression
Ben S. Bernanke


Few periods in history compare to the Great Depression (EXCEPT NEW AS CUSTOM CREATED BY MR. BERNANKE). Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links between economic policies and institutions and economic performance. Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating.

HE AUGHT TO KNOW AS EVERY ONE OF THE ABOVE DESCRIBED CALAMITIES ARE PLAYING OUT RIGHT NOW NOT JUST IN THE USA BUT ALL OVER THE WORLD. IS BEN LIVING HIS BOOK?

NOTICE BERNANKE PRAYING IN THE PHOTO???

This broad view shows us that while the Great Depression was an unparalleled disaster, some economies pulled up faster than others, and some made an opportunity out of it. By comparing and contrasting the economic strategies and statistics of the world's nations as they struggled to survive economically, the fundamental lessons of macroeconomics stand out in bold relief against a background of immense human suffering. The essays in this volume present a uniquely coherent view of the economic causes and worldwide propagation of the depression.

SO WHAT HAS MR. BERNANKE LEARNED FROM "HIS" DEPRESSION?

Reviews:

"[H]aving devoted much of his career to studying the causes of the Great Depression, Bernanke was the academic expert on how to prevent financial crises from spinning out of control and threatening the general economy. One line from his Essays on the Great Depression sounds especially prescient today: 'To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.'"--Roger Lowenstein, New York Times Magazine

HOW IRONIC...HE HAS NOT LEARNED ANYTHING!!!

"Bernanke is the master of applied microeconomics. Not only is he technically proficient but his ability to place his results in a larger macroeconomic context is unparalleled."--Mark Toma, Financial History Review

YES HE IS DEFINITELY A MASTER BUNGLER.

"Mr. Bernanke certainly knows the importance of well-functioning markets. In Essays on the Great Depression he wrote persuasively that runs on the banks and extensive defaults on loans reduced the efficiency of the financial sector, prevented it from doing its normal job in allocating resources, and contributed to the Depression severity. The Depression-era problems he studied are mirrored by similar issues today, and they need urgent attention."--Robert J. Shiller, New York Times

SINCE HE IS AN EXPERT ON THE MARKETS WHEN WILL HE DO SOMETHING EXPERT ABOUT THEM?

"Fortunately, before he became entangled in these restrictions [Bernanke] did edit and help write a book, Essays on the Great Depression. . . . Mr. Bernanke's motive was that understanding the depression would provide important clues to what can go wrong with capitalist market systems."--Samuel Brittan, Financial Times

HA HA HE FORGOT TO READ HIS OWN BOOK. GIVE ME A BREAK IT IS CLEAR THAT HE WROTE NOTHING NOR DID HE EVEN READ THE BOOK...OF ESSAYS.

"The financial crisis has made Federal Reserve Chairman Ben Bernanke's book Essays on the Great Depression a hot seller. . . . Bernanke, a former Princeton University economist, is considered the pre-eminent living scholar of the Great Depression. He is practicing today what he preached in his book: Flood the system with money to avoid a depression."--Dennis Cauchon, USA Today

HE IS PRACTICING WHAT HE PREACHES....CREATE A DISASTER AND BLAME OTHERS FOR IT, HE IS A REAL ECONOMIC MORON, JUST LOOK AT WHAT IS HAPPENING. WITH RATES OF LESS THAN ONE PERCENT ON SAVINGS, THE RETIREES AND THOSE WHO DEPENDED ON FIXED INCOME FROM THOSE SOURCES AS INTEREST ARE UNABLE TO EEK OUT A LIVING. INSTEAD, MR. BERNANKE HAS MADE THE BANKS PROFITABLE BY GETTING THEM DEPOSITS AT LITERALLY NO COST.

ANOTHER GREAT SCHOLAR FORREST GUMP HAD IT RIGHT WHEN HE SAID, " STUPID IS AS STUPID DOES." IS THERE ANY DOUBT THAT BERNANKE NEEDS TO BE FIRED...NO RUN OUT ON A RAIL BY THE NEXT PRESIDENT BEFORE THIS COUNTRY IS TOTALLY DESTROYED?