Book · 2015 · Monetary policy
The courage to act
- mentions
- 8
- person
- 1
- podcast
- 1
- episode
- 1
- recommendations
- 0
Reading your book, I found myself thinking, well, this is exactly the kind of person you might like to have in charge if a financial crisis were to arise, right? Unemotional.
Stephen Dubner · Freakonomics Radio · Dec 2015 What they say about it
- References book passages“You write that”3

- Discusses financial crisis details“about the financial crisis”2

The best things said about it
You write that your wife cried when you were offered the Fed chairmanship. But these were not tears of joy, at least purely not.
Stephen Dubner Freakonomics Radio · Dec 2015 You write that, quote, toward the end of my tenure as chairman, I was asked what had surprised me the most about the financial crisis. The crisis, I said.
Stephen Dubner Freakonomics Radio · Dec 2015 You write that in your academic career, you were, quote, a Great Depression buff in the way that other people are Civil War buffs and that, quote, the holy grail of macroeconomics was essentially to understand why the Depression happened and why it was so long and deep.
Stephen Dubner Freakonomics Radio · Dec 2015 Were you, I couldn't really tell from reading your book, the degree to which you personally were, I guess, surprised or caught off balance by just how overexposed and over leveraged the banks were?
Stephen Dubner Freakonomics Radio · Dec 2015 From your book, it sounds like selling the AIG decision.
Stephen Dubner Freakonomics Radio · Dec 2015 Why people recommend it
Every mention
Stephen Dubner Today on Freakonomics Radio, a conversation about the life story that Bernanke tells in his recent book, Th… 8
Discussed
“You write that your wife cried when you were offered the Fed chairmanship. But these were not tears of joy, at least purely not. Why? What did she foresee?”
Discussed
“Today on Freakonomics Radio, a conversation about the life story that Bernanke tells in his recent book, The Courage to Act.”
Discussed
“You write that, quote, toward the end of my tenure as chairman, I was asked what had surprised me the most about the financial crisis. The crisis, I said.”
Discussed
“You write that in your academic career, you were, quote, a Great Depression buff in the way that other people are Civil War buffs and that, quote, the holy grail of macroeconomics was essentially to understand why the Depression happened and why it was so long and deep.”
Discussed
“Reading your book, I found myself thinking, well, this is exactly the kind of person you might like to have in charge if a financial crisis were to arise, right? Unemotional.”
Discussed
“Although you do write that you never enjoyed giving testimony. Why was that? Well, you know, first of all, it's a stressful situation, but also, you know, testimony is typically not about, you know, learning,”
Discussed
“Were you, I couldn't really tell from reading your book, the degree to which you personally were, I guess, surprised or caught off balance by just how overexposed and over leveraged the banks were?”
Discussed
“From your book, it sounds like selling the AIG decision. So this was an $85 billion. I don't know if bailout is technically the word you use or not. Sounds like that one.”
Other mentions (3: passing, ad reads, own books)
Plugged
“Besides that you know I just obviously I just finished this book The Courage to Act the book about my experiences and my time in Washington”
Passing
“indeed some courageous responses by his reckoning again his book is called The Courage to Act we'll never know what would have happened if the Fed and Treasury didn't do what they did”
Passing
“up at number eight Ben s Bernan not a singer songwriter to my knowledge the uh former chairman of the Federal Reserve uh has written A Memoir of his time at the FED called the courage to act”