Person of the Year 2009: Ben Bernanke
Bernanke is the 56-year-old chairman of the Federal Reserve, the central bank of the U.S., the most important and least understood force shaping the American — and global — economy. Those green bills featuring dead Presidents are labeled “Federal Reserve Note” for a reason: the Fed controls the money supply. It is an independent government agency that conducts monetary policy, which means it sets short-term interest rates — which means it has immense influence over inflation, unemployment, the strength of the dollar and the strength of your wallet. And ever since global credit markets began imploding, its mild-mannered chairman has dramatically expanded those powers and reinvented the Fed.
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Published: Dec 16, 2009
Length: 25 minutes (6,462 words)
Why California is Still America’s Future
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Published: Oct 23, 2009
Length: 17 minutes (4,274 words)