Bernanke transformed from a first-rate academic economist into a first-rate bureaucrat skilled at getting along, and would have said five years earlier that he'd never do what he is doing now—illustrating that the office's incentives, not the individual's prior beliefs, drive behavior, so changing incentives matters more than who holds the job.
causalpending
Speaker
Michael BelongiaEvidence Quote
“now he's a first-rate bureaucrat he's really good at going getting along”
Created: 6/15/2026, 9:37:51 AM
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