Ben Bernanke Quotes
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...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals.
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Small businesses have played an important role in fueling past economic recoveries.
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To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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I am very proud of my nerd-dom.
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Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
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We should see better and more direct measurements of economic well being.
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If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'
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For practitioners of community development, as in any field, joining a network of like-minded professionals is important for building skills and becoming aware of opportunities and resources.
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Long term, I have a lot of confidence in the United States. We have an excellent record in terms of innovation. We have great universities that are involved in technological change and progress. We have an entrepreneurial culture, much more than almost any other country.
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
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I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
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The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.
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Might have done much more harm than good.
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Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels. Homebuilders responded to the fall in demand by sharply curtailing construction.
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There are two possible mistakes: One is to go on too long, and one is not to go on long enough. And, it's a very difficult balancing act.
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I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
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Under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
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History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
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The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.
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Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.
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But again, I remain optimistic that the impact on energy from these two events will be limited.
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Unfortunately there's nothing, really, that can be done that's going to affect energy prices or gasoline prices in the very short run.