Ben Bernanke Quotes
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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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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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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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The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
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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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Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
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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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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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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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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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It's been a resilient economy, it's responded well and job creation has proceeded apace.
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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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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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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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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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Until the job market improves, this recovery will not feel like a recovery to most Americans.
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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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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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Reconstruction is going to add jobs and growth to the 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 no cost.
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Uncertainty is seen to retard investment independently of considerations of risk or expected return.