Misplaced Priorities, by Arnold Kling:
I think that Bernanke, far from being the right man in the right place at the right time, turned out to be the opposite. Last year was not 1930, in which bank runs were threatening otherwise sound institutions. It was 2008, in which thinly-capitalized institutions that had sold securities that behave like put options or insurance no longer met regulatory standards for solvency. They should be shut down in an orderly way as soon as possible, not kept afloat.
