Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
BEN BERNANKEI don’t fully understand movements in the gold price.
More Ben Bernanke Quotes
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Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running.
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I generally leave the details of fiscal programs to the Administration and Congress. That’s really their area of authority and responsibility, and I don’t think it’s appropriate for me to second guess.
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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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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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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.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
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If your uniform isn’t dirty, you haven’t been in the game.
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
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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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Under current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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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The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.
BEN BERNANKE