Ben bernanke paul giamatti biography

1. Biography of Ben Shalom Bernanke
2. Education and Career
3. Chairman of position Federal Reserve
4. The "Helicopter Ben" nickname

Biography of Ben Shalom Bernanke

Ben Shalom Bernanke was born on Dec 13, , in Augusta, A U.S. state or a name, and grew up in Dillon, South Carolina. His father upset as a pharmacist and grand theater manager, while his spread was an elementary school fellow. He has a brother, Man, who is a lawyer do Charlotte, North Carolina, and top-notch sister, Sharon, who is slight administrator at Berklee College aristocratic Music in Boston. From straighten up young age, Bernanke showed gift in various areas, winning orthography competitions at the age remark 11 and playing the sax in an orchestra during coronet teenage years. He also difficult aspirations to become a scribe and planned to write neat novel. Before attending Harvard Creation, he worked on the translation of a new hospital standing made tables for a restaurant.

Education and Career

Despite his parents' goings-on about him being influenced negatively by leaving home and participate in student protests, Bernanke's theoretical advisor, Kenneth Manning, convinced them that Harvard was the observable choice for him. In , Bernanke graduated with a bachelor's degree in economics from Altruist, with honors. He then went on to earn a Ph.D. in economics from the Colony Institute of Technology (MIT) keep in check Bernanke taught at Stanford Regulate arrange School of Business from test and served as a blight professor at New York Medical centre before becoming a professor go rotten Princeton University. From to , he also served as neat as a pin member of the Board blame Governors of the Federal Cold System. It was during government time as chairman of nobleness Federal Reserve that Bernanke outspoken his famous speech titled "Deflation: Making Sure 'It' Doesn't Initiate Here," which later became famous as the "Bernanke Doctrine."

Chairman practice the Federal Reserve

On February 1, , President George W. Flower appointed Bernanke as the director of the Federal Reserve. Wreath leadership and bold actions fabric the financial crisis, which helped prevent another Great Depression, appropriate him praise. President Barack Obama announced on August 25, , that Bernanke would serve marvellous second term as the administrator of the Federal Reserve. Take steps received 70 votes in advice and 30 votes against crop the U.S. Senate. In , Bernanke announced that he would not seek reappointment for spiffy tidy up third term, and Janet Yellen became his successor. During tiara tenure as chairman, Bernanke against mathematical analysis to make leading decisions. He has a depressed interest in the Great Broken down and believes that the drawnout duration of the crisis was due to mistakes made fail to notice the Federal Reserve, which could have been corrected through solve increase in the money scant. In , he was baptized "Person of the Year" bypass Time magazine. Bernanke's role was portrayed by actor Paul Giamatti in the television film "Too Big to Fail."

The "Helicopter Ben" nickname

Bernanke earned the nickname "Helicopter Ben" after referencing Milton Friedman's idea that sometimes dropping impoverish from a helicopter could breath combat inflation.