Bernanke maybe wrote some nice papers. I remember him being called the "scholar of the Great Depression" but when it was time to use his research and to recognize the 2008 bubble he completely failed. I still remember him proclaiming how everything was just fine while things were already falling apart. And his response was to shovel even more money at the banks and wealthy people while they let regular people lose their houses left and right. And let's see how the current credit bubble that got started by Bernanke will end.

In my view Bernanke was a total failure when it counted. This is almost as bad as giving the Peace Prize to Obama.