– Bernanke Has The Courage To Call His Upcoming Memoir The “Courage To Act” (ZeroHedge, April 8, 2015):
Ben Bernanke can now add another headline to his impressive resume… Fed Chair… Blogger… and writer of fiction. As AP reports, Blogger Ben’s memoir will be released in October, and the title will be “The Courage To Act,” apparently inspired by the Fed’s “moral courage” in the face of “bitter criticism and condemnation.”
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“When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve, policymakers and staff alike, mustered the moral courage to do what was necessary, often in the face of bitter criticism and condemnation. I am grateful to all of them.”
Ben S. Bernanke
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While we thought perhaps “The Courage To Print” was more appropriate, it appears the book is non-fiction and thus, we suggest, the title needs an additional word of clarification:
“The Courage To Act ………”
…In A Manner Unbecoming Of A Public Servant”
…On Behalf Of Jamie Dimon”
…Alone On A Grassy Knoll”
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The memoir by Federal Reserve Chairman Ben Bernanke will be called “The Courage to Act” and is coming out in October.
The title and release date were announced Wednesday by publisher W.W. Norton & Co. The deal was originally reported last year, soon after Bernanke completed his second of two 4-year terms as chairman.
Bernanke plans to focus on the Fed’s response to the financial crisis of 2008. In a statement issued by Norton, he said the book’s title was inspired by the Fed’s “moral courage” in the face of “bitter criticism and condemnation.” Bernanke faced a wide range of attacks, from doing too little for the economy to acting too aggressively.
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And for good measure – how he saved the world (from the book’s website):
In THE COURAGE TO ACT, Ben Bernanke pulls back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two U.S. presidents and two Treasury secretaries, Dr. Bernanke and his colleagues used every Fed capability, no matter how arcane, to keep the U.S. economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Dr. Bernanke gives readers an unequaled perspective on the American economy. This narrative will reveal for the first time how the creativity and decisiveness of a few key leaders prevented an economic collapse of unimaginable scale.
And here is the variant perception courtesy of @Not_Jim_Cramer:
— Not Jim Cramer (@Not_Jim_Cramer) April 8, 2015