Ben Bernanke Quotes
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The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
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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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I am going to begin now a practice of not making recommendations on specific tax and spending proposals.
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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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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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Unfortunately there's nothing, really, that can be done that's going to affect energy prices or gasoline prices in the very short run.
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It's been a resilient economy, it's responded well and job creation has proceeded apace.
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Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.
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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.
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These are issues that we are going to have to address, because they are significant.
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History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
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Thus far, at least, the growth effects of energy price increases appear relatively modest.
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When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
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The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to none, and I am proud to lead it.
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Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
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The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
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Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.
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Until the job market improves, this recovery will not feel like a recovery to most Americans.
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In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.
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The world has a great deal more to offer than money.
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I think most of us would agree that people who have, say, little formal schooling but labor honestly and diligently to help feed, clothe, and educate their families are deserving of greater respect - and help, if necessary - than many people who are superficially more successful.
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To say that the U.S. economy benefits from trade is not to say that every individual American worker or family benefits, or that the structural changes induced by trade are not disruptive.
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Honest error in the face of complex and possibly intractable problems is a far more important source of bad results than are bad motives.
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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 no cost.