Read two excerpts from a speech by economist Ben Bernanke, former Chair of the Federal Reserve. "Yet another striking feature of the Great Contraction [Depression] in the United States was the massive extent of banking panics and failures, culminating [resulting] in the Bank Holiday of March 1933, in which the entire US banking system was shut down. During the Depression decade, something close to half of all US commercial banks either failed or merged with other banks." "The best thing that central bankers can do for the world is to avoid such crises by providing the econom.y with, in Milton Friedman's words, a 'stable monetary background.'..." Based on these two excerpts, with which statement would Bernanke most likely agree?
