BEFORE HE was chairman of the Federal Reserve Board, Ben S. Bernanke was a Princeton economist who studied the influence of financial markets on the business cycle. Mr. Bernanke tried to show how and why ample bank liquidity and strong consumer net worth magnify growth in the "real" economy -- an...
Mr. Bernanke's Bet
BEFORE HE was chairman of the Federal Reserve Board, Ben S. Bernanke was a Princeton economist who studied the influence of financial markets on the business cycle. Mr. Bernanke tried to show how and why ample bank liquidity and strong consumer net worth magnify growth in the "real" economy -- an...