Financial Crisis: Bernanke’s Blame of External Forces Misses the Point

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Financial Crisis: Bernanke’s Blame of External Forces Misses the Point

Tue, Oct 20, 2009

Ben Bernanke:

Fed Chief Cites Trade Imbalances’ Role in Crisis, by Edmund Andrews, NY Times: Ben S. Bernanke, the chairman of the Federal Reserve, said on Monday that global trade imbalances played a central role in the global economic crisis and warned that the both the United States and fast-growing Asian nations needed to do more to prevent them from recurring.

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