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.
BEN BERNANKEEducation – 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.
More Ben Bernanke Quotes
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Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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It’s the price of success: people start to think you’re omnipotent.
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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 lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
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Not all information is beneficial.
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The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending.
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So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.
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I don’t fully understand movements in the gold price.
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
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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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I don’t see much evidence of an equity bubble.
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I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
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