Has Bernanke broken his promise to Friedman?

On 8 November 2002 the University of Chicago organised a 90th birthday reception in honour of Milton Friedman. Ben Bernanke, who had then been a governor of the Federal Reserve for four months, was a guest speaker. He concluded his remarks by addressing Friedman, "Regarding the Great Depression. You're right, we [ie, the Fed] did it. We're very sorry. But, thanks to you, we won't do it again."

Now that Bernanke has been chairman of the Fed in a four-year period widely regarded as the most diffic

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: