Ben Bernanke Quotes
-
We should see better and more direct measurements of economic well being.
-
I am very proud of my nerd-dom.
-
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.
-
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
-
...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals.
-
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!'
-
Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
-
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
-
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.
-
Might have done much more harm than good.
-
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.
-
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.
-
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.
-
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.
-
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.
-
I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.
-
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.
-
History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
-
But again, I remain optimistic that the impact on energy from these two events will be limited.
-
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.
-
I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
-
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.
-
A very important factor is the fact that inflation expectations are well-controlled and well-contained, which means that the Federal Reserve, unlike the 70s, doesn't have to react violently in terms of raising interest rates to contain the second- and third-round inflationary impacts. So I remain pretty optimistic about the economy.
-
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.