[lettergram]

The policies created by his research have created some really interesting real-world results.

This is from another post currently on HN

https://www.lynalden.com/october-2022-newsletter/

Bernanke is part of the reason we haven’t seen a correction in the market since 2008. The needed correction didn’t happen and now we have a debt bubble and instead of wealth being redistributed it was centralized. I largely think Bernanke's research is fine, but the policy decisions based on the research didn’t take into account second order effects.

Now we will have a very difficult time.

The theory that the fed (and treasury) can actual impact real market decisions seems generally not to be true given all evidence. Nature eventually calls, so to speak.