ABSTRACT
While macroeconomic outcomes affect our lives, for most of us macroeconomic theory is a spectator sport. The United Kingdom has implemented several policies designed to make the financial system safer. Secretary Geithner played a major role in the formulation of the reform of the financial system, the Wall Street Reform and Consumer Protection Act of 2010. Ben Bernanke succeeded Alan Greenspan as Fed Chair in 2006 and served until 2014. Bernanke was strongly influenced by Friedman and Schwartz and their seminal work on the monetary history of the United States, which showed that the collapse of the money supply was an important cause of the Great Depression. Janet Yellen succeeded Bernanke as Chair of the Federal Reserve in 2014.
