Secular Stagnation–That’s My Title, of the Longer Version at Least
J. Bradford DeLong: The Tragedy of Ben Bernanke: Project Syndicate:
Ben Bernanke has published his memoir, The Courage to Act.
I am finding it hard to read. And I am finding it hard to read as anything other than a tragedy. It is the story of a man who may have been the best-prepared person in the world for the job he was given, but who soon found himself outmatched by its challenges, quickly falling behind the curve and never quite managing to catch up.
It is to Bernanke’s great credit that the shock of 2007-2008 did not trigger another Great Depression. But the aftermath was unexpectedly disappointing… READ MOAR AT PROJECT SYNDICATE