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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.
Ben Bernanke -
These are issues that we are going to have to address, because they are significant.
Ben Bernanke
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A forecast about the future evolution of policy, not an unconditional commitment.
Ben Bernanke -
To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
Ben Bernanke -
History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
Ben Bernanke -
...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals.
Ben Bernanke -
We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.
Ben Bernanke -
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.
Ben Bernanke
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He lived with us for 24 years, ... He studied with us.
Ben Bernanke -
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.
Ben Bernanke -
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.
Ben Bernanke -
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
Ben Bernanke -
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.'
Ben Bernanke -
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.
Ben Bernanke
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Thus far, at least, the growth effects of energy price increases appear relatively modest.
Ben Bernanke -
Community development has a long history of innovation and learning from experience.
Ben Bernanke -
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!'
Ben Bernanke -
For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.
Ben Bernanke -
It's been a resilient economy, it's responded well and job creation has proceeded apace.
Ben Bernanke -
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.
Ben Bernanke
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Under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
Ben Bernanke -
Uncertainty is seen to retard investment independently of considerations of risk or expected return.
Ben Bernanke -
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.
Ben Bernanke -
Reconstruction is going to add jobs and growth to the economy.
Ben Bernanke