Did Ben Bernanke Explain What Would Prevent the Government from Spending Money if the Banks Had Collapsed in 2008?

In his review of former Fed Chair Ben Bernanke's new book, Michael Kinsley tells us:

"Bernanke makes a compelling case that in 2007 and 2008, the world economy came very close to collapse, and only novel efforts by the Fed (cooperating with other United States and foreign government agencies) saved us from an economic catastrophe greater than the Great Depression."

The Great Depression lasted for more than a decade because the government did not spend enough money to get the economy back to a...