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Posted AT 9:09 PM EST on 17/03/08

For Professor Bernanke, it's back to school

BARRIE MCKENNA

From Tuesday's Globe and Mail

WASHINGTON — Ben Bernanke has likened the Great Depression to the Holy Grail of macroeconomics – an experiment in unravelling the mysteries of global economic collapse. As an academic specializing in the Dirty Thirties, the former Princeton University economist ultimately concluded that U.S. banking authorities botched the Depression by letting panicked runs on banks wreck the real economy.

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