Different things require a different approach
We should not compare the time of the Great Depression and his theories with Nowadays. These are two completely different situations. A closed economy in the 1930's and a fully open and unbalanced economy as it is today. Back then, the US had a closed market and the country was mostly self sufficient. Most goods were made within the country's doors and the main global financial markets weren't that interconnected, as they are today, and also, financial capital wasn't so volatile. But during the last decade, the US is running high external deficits, accumulating budget deficits and running extremely low savings rates. What the US have created, nowadays with all the QE's towards finance, is an asset bubble, that will go away when the QE's stop. Ben Bernanke is wrong, just as it was his predecessor Alan Greenspan. Unregulated markets will only serve the most powerful side of the Market. Basic regulation is needed. More QE money in an unbalanced economy, will onl...