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"
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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