The Education of Ben Bernanke

Here is a long NYT piece on the Bernanke regime; here is Anna Schwartz complaining about Bernanke as Fed chair.  In the comments, I am taking nominations for the following: given perfect hindsight, what should the Fed have done and when?  Keep two things in mind: a) looser money sooner probably would not have helped the credit problems (and might have tied the Fed’s hands later on), and b) your recommendations cannot refer to actions which predate the Bernanke regime.


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