Former Fed Chair Ben Bernanke Wins Nobel Prize For Wrecking the Economy – Mish Talk


The BBC reports Ben Bernanke, Former US Federal Reserve Chief, Wins Nobel Prize.

Ben Bernanke, who led the US central bank during the 2008 financial crisis, is one of three recipients of this year’s Nobel prize in economics. The Nobel Foundation chose to recognise work by Mr Bernanke about the importance of preventing runs on banks.

He shared the prize with economists Douglas Diamond and Philip Dybvig. 

The Nobel Foundation said their research had “improved our ability to avoid both serious crises and expensive bailouts”.

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