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Straight Talk with Hank Paulson
Episode 28: Ben Bernanke
Jan 25, 2021
Ben Bernanke, a distinguished fellow at the Brookings Institution and former Chairman of the Federal Reserve, shares his invaluable insights on leading during the Great Recession and tackling the COVID economic crisis. He discusses how economic principles intriguingly apply to baseball, reflecting on his passion for sabermetrics. Bernanke also offers a deep dive into lessons learned from major economic downturns, touching on the need for urgent relief and reforms to combat inequality, while encouraging aspiring economists to explore diverse paths in the field.
37:22
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Quick takeaways
- Ben Bernanke emphasizes the evolution of crisis management from the Great Depression to the COVID-19 recession, highlighting the necessity of learned policy responses.
- Effective communication during his tenure at the Federal Reserve was critical for Bernanke in maintaining market confidence and fostering stability.
Deep dives
Ben Bernanke's Transition from Academia to Public Service
Ben Bernanke's journey from academia to a prominent public service role is shaped by his desire to apply economic theory in practice. Following the events of 9/11, the opportunity arose when Glenn Hubbard, chair of President Bush's Council of Economic Advisors, invited him to join the Federal Reserve Board. Despite his limited political experience, Bernanke recognized the importance of public service during a critical period and accepted the position. This transition marked the beginning of his influential career, ultimately leading him to become chairman of the Federal Reserve during the tumultuous 2008 financial crisis.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode