I don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
BEN BERNANKEThe lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
More Ben Bernanke Quotes
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The Fed is totally open.
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Nobody really understands gold prices and I don’t pretend to understand them either.
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While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.
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The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
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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.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
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If your uniform isn’t dirty, you haven’t been in the game.
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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 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.
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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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The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
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Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.
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It takes about two and a half percent growth just to keep unemployment stable.
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The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
BEN BERNANKE