Ben Bernanke Quotes
-
Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.
-
Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.
-
Deflation is defined as a general decline in prices, with emphasis on the word 'general.'
-
The resilience of the economy ... is helping it to absorb the shocks to energy and transportation from the hurricanes.
-
Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.
-
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point.
-
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
-
Of course, a decision to take no action at a particular meeting does not preclude action at subsequent meetings.
-
Evolutionary psychologists suggest that humans experienced evolutionary benefits from brain developments that included aversion to loss and risk and from instincts for cooperation that helped strengthen communities.
-
I personally would have preferred if the Fed had been a little less aggressive.
-
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
-
After several false starts, the economy is showing signs of sustained recovery.
-
The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.
-
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
-
Certainly there is no way to direct the effects of monetary policy at a single class of assets while leaving other financial markets and the broader economy untouched. One might as well try to perform brain surgery with a sledgehammer.
-
Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
-
When prices are stable, people can hold money for transactions and other purposes without having to worry that inflation will eat away at the real value of their money balances.
-
Our mission as set forth by the Congress is a critical one.
-
The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.
-
Developments in financial markets can have broad economic effects felt by many outside the markets.
-
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
-
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
-
The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.
-
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.