Brad DeLong: Did Ben Bernanke Just Say That the Depression-Era …

When deflation became a significant risk in late 2010, or at least a modest risk in late 2010, we used additional balance sheet tools to help return inflation close to the 2 percent target. Likewise, we have been aggressive and …. And it is indeed a fact that the number of economists whose work makes it into the graduate curriculum who build on Bagehot is relatively small: Minsky (1982, 1986) is present to a small degree. Kindleberger (1978, 1984) is present to a …

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Brad DeLong: Did Ben Bernanke Just Say That the Depression-Era …