Download In Fed We Trust: Ben Bernanke's War on the Great Panic AudioBook Free
"Whatever it takes." That was National Reserve Chairman Ben Bernanke's vow as the most severe financial stress in more than 50 years gripped the world and he battled to steer clear of the once unthinkable: a repeat of the fantastic Depression. Amazing but temperamentally cautious, Bernanke investigated and had written about the causes of the Unhappiness during his career as an academics. Then, when thrust into a job as you of the most important people on the planet, he was compelled to boldness by circumstances he never anticipated. The leader of america can react instantly to a missile assault with America's armed service might, but he cannot react to a financial meltdown with real cash unless Congress works. The Fed chairman can. Bernanke did. Under his control the Fed spearheaded the biggest government treatment in more than half a hundred years and effectively became the fourth branch of federal government, with no immediate accountability to the nation's voters. Believing that the financial catastrophe of the 1930s was basically the mistake of a slow and wrongheaded National Reserve, Bernanke was determined not to repeat that epic fault. In this penetrating look inside the most powerful economic institution on the planet, David Wessel illuminates its opaque and undemocratic inner workings, while revealing how the Bernanke Fed led the desperate effort to prevent the world's financial engine motor from milling to a halt.
