From managing editor Richard Stengel’s explanation of why:
One scholar has written that the Great Depression of the 1930s could have been averted if the Federal Reserve at the time hadnt constricted the money supply, let a third of American banks go under and told Americans to tighten their belts. That scholar, Ben Bernanke, just happened to be chairman of the Federal Reserve when the economy this year appeared to be headed for a repeat performance.
