Former Federal Reserve chief Ben Bernanke and Douglas Diamond and Philip Dybvig have won the 2022 Nobel Economics Prize “for research on banks and financial crises,” the Royal Swedish Academy of Sciences has said.
Bernanke is now a researcher at the Brookings Institution in Washington, Diamond teaches at the University of Chicago, and Dybvig is a professor at Washington University in St. Louis.
The Nobel committee said their work had shown “why avoiding bank collapses is vital.”
The misnamed Biden-Harris Inflation Reduction Act (IRA) poses a real threat to new drug development. The law essentially imposes price controls on some of the most popular drugs in the Medicare program.
Dockworkers who went on strike on October 1 are just the latest union to echo demands for better contracts. At least 250 strikes and other labor actions have been recorded so far this year.
Washington may be manipulating economic data to present a more favorable picture of the U.S. economy than the reality on the ground.
The “Green New Deal” and “Net Zero” policies in California promoted by Kamala Harris have led to increasingly high costs of living, housing, and transportation.
