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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He lived with us for 24 years, ... He studied with us.
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Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
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A forecast about the future evolution of policy, not an unconditional commitment.
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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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Thus far, at least, the growth effects of energy price increases appear relatively modest.
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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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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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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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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.
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It's been a resilient economy, it's responded well and job creation has proceeded apace.
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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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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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Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.
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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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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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Community development has a long history of innovation and learning from experience.
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For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.
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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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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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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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Uncertainty is seen to retard investment independently of considerations of risk or expected return.
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Reconstruction is going to add jobs and growth to the economy.