The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background... For my money, few periods are so replete with human interest.

Ben Bernanke

Ben Bernanke

Background Bank Clouds Crashes Currency Depression Dramatic Episode Era Few Gathering Human Incredibly Interest Money Periods Runs Speculation Storm War Wild

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The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

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History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

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At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds.

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