In 2005, this man coined the term "global saving glut" to explain how global account imbalances could lead to lower interest rates. His academic research focused on how high interest rates and the Hoover administration's willingness to let banks fail caused the Great Depression. He also recently announced the purchase of $600 billion in Treasury bills, a policy known as "quantitative easing II" which will attempt to stimulate the economy through controlled inflation. For 10 points, name this successor to Alan Greenspan,
In 2005, this man coined the term "global saving glut" to explain how global account imbalances could lead to lower interest rates. His academic research focused on how high interest rates and the Hoover administration's willingness to let banks fail caused the Great Depression. He also recently announced the purchase of $600 billion in Treasury bills, a policy known as "quantitative easing II" which will attempt to stimulate the economy through controlled inflation. For 10 points, name this successor to Alan Greenspan, the current Chairman of the Federal Reserve.
In 2005, this man coined the term "global saving glut" to explain how global account imbalances could lead to lower interest rates.
Ben {Bernanke}