Changes

==Career==

==Career==

Bernanke was born in [[Augusta, Georgia]], later moving to Dillon, South Carolina. He excelled academically, becoming class [[valedictorian]] at Dillon High School. His academic record and near perfect SAT scores led to his admission to [[Harvard]] as a member of the Class of 1975. After receiving his undergraduate degree, Bernanke chose to continue studying economics at [[MIT]] under the supervision of Professor Stanley Fischer. His PhD thesis, "Long-term Commitments, Dynamic Optimization, and the Business Cycle",<ref>Bernanke, Benjamin Shalom. [http://dspace.mit.edu/bitstream/handle/1721.1/29839/05915220.pdf;jsessionid=C904BA8087C31F4178A55E9428B84297?sequence=1 Long-term Commitments, Dynamic Optimization, and the Business Cycle]. MIT 1979.</ref> was accepted in May 1979.  He has taught at [[Stanford]], New York University (NYU), and [[Princeton University|Princeton]].  Dr. Bernanke joined the Federal Reserve Board of Governors in 2002.  Dr. Bernanke and his wife, Anna, have two children.<ref>http://www.csmonitor.com/2005/1026/p01s01-usec.html</ref>

Bernanke was born in [[Augusta, Georgia]], later moving to Dillon, South Carolina. He excelled academically, becoming class [[valedictorian]] at Dillon High School. His academic record and near perfect SAT scores led to his admission to [[Harvard]] as a member of the Class of 1975. After receiving his undergraduate degree, Bernanke chose to continue studying economics at [[MIT]] under the supervision of Professor Stanley Fischer. His PhD thesis, "Long-term Commitments, Dynamic Optimization, and the Business Cycle",<ref>Bernanke, Benjamin Shalom. [http://dspace.mit.edu/bitstream/handle/1721.1/29839/05915220.pdf;jsessionid=C904BA8087C31F4178A55E9428B84297?sequence=1 Long-term Commitments, Dynamic Optimization, and the Business Cycle]. MIT 1979.</ref> was accepted in May 1979.  He has taught at [[Stanford]], New York University (NYU), and [[Princeton University|Princeton]].  Dr. Bernanke joined the Federal Reserve Board of Governors in 2002.  Dr. Bernanke and his wife, Anna, have two children.<ref>https://www.csmonitor.com/2005/1026/p01s01-usec.html</ref>

Bernanke is a Republican and was appointed to the Federal Reserve Board, and elevated to Chairman, by  Republican President, [[George W. Bush]]; he was confirmed by the Senate in 2006.

Bernanke is a Republican and was appointed to the Federal Reserve Board, and elevated to Chairman, by  Republican President, [[George W. Bush]]; he was confirmed by the Senate in 2006.

How'd that turn out? According to the government's own measures we were in a recession just about six months later and less than a year later, the financial system started to burn down. As you know, subprime delinqencies lept from 12% to 38%. Prime mortgage delinqencies increased something like 500%.

How'd that turn out? According to the government's own measures we were in a recession just about six months later and less than a year later, the financial system started to burn down. As you know, subprime delinqencies lept from 12% to 38%. Prime mortgage delinqencies increased something like 500%.

Do we have any reason to believe that Bernanke and his buddies at the Fed have suddenly become a lot smarter about the troubles we are facing.<ref>http://www.businessinsider.com/why-you-probably-shouldnt-trust-ben-bernankes-rosy-forecast-2009-2</ref>}}

Do we have any reason to believe that Bernanke and his buddies at the Fed have suddenly become a lot smarter about the troubles we are facing.<ref>https://www.businessinsider.com/why-you-probably-shouldnt-trust-ben-bernankes-rosy-forecast-2009-2</ref>}}

== Ben Bernanke's monetary policy and excessive money printing ==

== Ben Bernanke's monetary policy and excessive money printing ==