The Federal Reserve Learnt the Lessons Of The Great Depression: Randall Kroszner

June 20, 2014

Professor Randall S Kroszner, Norman R. Bobins Professor of Economics, The University of Chicago Booth School of Business, tells how the Federal Reserve managed to avoid another Great Depression in 2008 and why it had to let the investment bank Lehman Brothers go bankrupt. The Federal Reserve learnt the lessons of The Great Depression that enabled them to prevent a repeat of the great crisis.

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