13.4.10

Economic Policy: Lessons from History

At the 43rd Annual Alexander Hamilton Awards Dinner, where was honoring with the Hamilton Award, Ben Bernanke drew four relevant lessons from the financial collapse of the 1930s:
1) Economic prosperity depends on financial stability

2) Policymakers must respond forcefully, creatively, and decisively to severe financial crises - e.g. SCAP

3) International crises require and international response

4) History is never perfect guide – "History does not repeat itself, but it can rhyme"

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