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Podcast: Townhall Review | Commentaries
Episode: Jerry Bowyer: Ben Bernanke Undeservingly Wins Nobel Prize
Description: Former Fed Chairman Ben Bernanke was recently given the Nobel prize for economics largely because of his policies during the Great Recession: bank bailouts, interest rate suppression and quantitative easing. The timing could not be worse. The nation is currently going through the painful withdrawal pains of tapering off Dr. Bernanke’s feel-good medicine. Make no mistake: Bernanke’s term as Fed Chairman was an abject failure. He continued rate hikes in 2006, helping to trigger a deflationary recession which he was slow to see and respond to. Bernanke vastly increased money supply and yet ar...