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 Belongia

Evidence Quote

now he's a first-rate bureaucrat he's really good at going getting along

Source

Michael Belongia on the Fed 01/11/2010EconTalk
Created: 6/15/2026, 9:37:51 AM

My Notes

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