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What Did Ben Bernetky Win the Noble Prize in Economics?
Ben bernetky was the fed chair who you know Bailed out the financial system during 2008 He wrote his thesis about the great depression and how the federal reserve made a mistake by not supplying enough liquidity there. All three of these papers are about banking and financial crisis and that's what they were recognized for with the nobel prize. Liquidity is an absolutely essential concept to finance as everyone who's in the markets or even just watches the markets Knows some days you want to sell something and nobody will buy it at any price. It doesn't matter what the price is Because there's no buyers at any price, right? And that day is september 2008 or or you know