You could say, here at the beginning, that this is a story about three Great Depressions – the one that happened in the twentieth century; another that didn’t, in the twenty-first; and a third, presumptive one that threatens indistinctly sometime in the years ahead. Most people recognize that Federal Reserve Board chairman Ben Bernanke and his colleagues somehow saved the day in 2008.* Journalists speculate whether he might eventually deserve a Nobel Prize.
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The Tardy Product
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You could say, here at the beginning, that this is a story about three Great Depressions – the one that happened in the twentieth century; another that didn’t, in the twenty-first; and a third, presumptive one that threatens indistinctly sometime in the years ahead. Most people recognize that Federal Reserve Board chairman Ben Bernanke and his colleagues somehow saved the day in 2008.* Journalists speculate whether he might eventually deserve a Nobel Prize.