What is the 2022 Nobel Prize in Economics about?
Even before Friedman (and even before the fact), Hawtrey & Cassel explained the monetary nature of the Great Depression: https://cpb-us-e1.wpmucdn.com/sites.dartmouth.edu/dist/c/1993/files/2021/01/jmcb.12102.pdf
BB should have concentrated on the behavior of NGDP in 2008, but he preferred to focus on headline inflation! I once dubbed BB "the man in the 'irony' mask": https://thefaintofheart.wordpress.com/2015/10/07/bernanke-the-man-in-the-irony-mask/
Even before Friedman (and even before the fact), Hawtrey & Cassel explained the monetary nature of the Great Depression: https://cpb-us-e1.wpmucdn.com/sites.dartmouth.edu/dist/c/1993/files/2021/01/jmcb.12102.pdf
BB should have concentrated on the behavior of NGDP in 2008, but he preferred to focus on headline inflation! I once dubbed BB "the man in the 'irony' mask": https://thefaintofheart.wordpress.com/2015/10/07/bernanke-the-man-in-the-irony-mask/