The US is drifting from a financial crisis to a deeper and more insidious social crisis.
His mother Edna was an elementary school teacher.
His brother, Seth, is a lawyer in Charlotte, North Carolina. The Bernankes were one of the few Jewish families in Dillon and attended Ohav Shalom, a local synagogue;  Bernanke learned Hebrew as a child from his maternal grandfather, Harold Friedman, a professional hazzan service leadershochetand Hebrew teacher.
Ben Bernanke also worked there sometimes. Fellow Dillon native Kenneth Manningwho would eventually become a professor of the history of sciences at MIT, assured the family "there are Jews in Boston".
Martin Junior High, and Dillon High Schoolwhere he was class valedictorian and played saxophone in the marching band. He received a Ph. The Bernankes have two children. Bernanke served for six years as a member of the board of education of the Montgomery Township School District.
Bernanke taught at the Stanford Graduate School of Business from untilwas a visiting professor at New York University and went on to become a tenured professor at Princeton University in the Department of Economics.
He chaired that department from until Septemberwhen he went on public service leave. He resigned his position at Princeton July 1, Bernanke served as a member of the Board of Governors of the Federal Reserve System from to In one of his first speeches as a Governor, entitled "Deflation: On February 1,Bernanke began a fourteen-year term as a member of the Federal Reserve Board of Governors and a four-year term as chairman after having been nominated by President Bush in late His first months as chairman of the Federal Reserve System were marked by difficulties communicating with the media.
An advocate of more transparent Fed policy and clearer statements than Greenspan had made, he had to back away from his initial idea of stating clearer inflation goals as such statements tended to affect the stock market.
He was sharply criticized for making public statements about Fed direction, which he said was a "lapse in judgment.
Under his guidance, the Fed lowered its funds interest rate from 5. The Senate first voted 77—23 to end debate, Bernanke winning more than the 60 approval votes needed to overcome the possibility of a filibuster.
The letter alleged that the extent of the losses at Merrill Lynch were not disclosed to Bank of America by Bernanke and Paulson. At the meeting, which allegedly took place on December 21,Paulson told Lewis that he and the board would be replaced if they invoked the MAC clause and additionally not to reveal the extent of the losses to shareholders.
Under intense questioning by members of Congress, Bernanke said, "I never said anything about firing the board and the management [of Bank of America].
Lewis told the panel that authorities expressed "strong views" but said he would not characterize their stance as improper.Ben S. Bernanke served as chairman of the Federal Reserve from to He was named Time magazine’s Person of the Year in and was a professor of economics at Princeton University prior to his career in public service/5.
Ben Bernanke's Essays on the Great Depression is a collection of 9 essays written in the 80's and 90's about the financial and labor markets during the 's.
The essays are essentially a synthesis of prior work with greater mathematical rigor/5(28).
"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. My particular research specialty is macroeconomics, not economic history.
Nevertheless, throughout my academic career, I have returned many times to the study of the vertiginous economic decline of the s, now known as the Great Depression. I guess I am a Great Depression buff, the way some people are Civil War buffs. Ben Bernanke's Essays on the Great Depression is a collection of 9 essays written in the 80's and 90's about the financial and labor markets during the 's.
The essays are essentially a synthesis of prior work with greater mathematical rigor/5(28). Here, Ben Bernanke has gathered together his essays on why the Great Depression was so devastating. 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.4/5(4).