what did ben bernake do during the financial crisis 
to counter the effects of the financial crisis of 2008 bernake employed a low rate policy whereby rates were reduced to practically nothing and a quantitative easing plan to increase the money supply bernake also bailed out many large failing financial institutions 8to what economic school of thought does ben bernake belong ben bernake belongs to the milton friedman and anna schwartz school of thought 18 bernake subscribed to the principle that the federal reserve board could reduce inflation and revitalize the economy by increasing the money supply at the same rate as the gross national product gnp the bottom lineben bernake the former two term chair of the federal reserve is largely regarded for implementing strategies that saved the u s economy his methods albeit somewhat controversial led to an increase in u s jobs the bailout of well known established financial institutions and a robust economy his actions were not exempt from scrutiny however as there were a host of critics who believed his actions were more detrimental than good despite varying opinions bernake remains in high demand as an economist and advisor and is esteemed as one of the most influential fed chairs in history 