The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
BEN BERNANKEThe 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.
More Ben Bernanke Quotes
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It’s the price of success: people start to think you’re omnipotent.
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Not all information is beneficial.
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In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
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The central bank needs to be able to make policy without short term political concerns.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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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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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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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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Nobody really understands gold prices and I don’t pretend to understand them either.
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The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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It takes about two and a half percent growth just to keep unemployment stable.
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I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
BEN BERNANKE