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Developments in financial markets can have broad economic effects felt by many outside the markets.

Ben Bernanke

Developments in financial markets can have broad economic effects felt by many outside the markets.
BEN BERNANKE

Development Economic Financial
Not all information is beneficial.
BEN BERNANKE

Beneficial Information
It takes about two and a half percent growth just to keep unemployment stable.
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Growth Two Unemployment
A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
BEN BERNANKE

Cutting Helicopters Milton
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
BEN BERNANKE

Lessons Long Recovery
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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Bankers Crash Economics
The GSEs are adequately capitalized. They are in no danger of failing.
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Capitalized Danger Failing
With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.
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Incentives Safety Use
In fact, the world needs more nerds.
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Needs Nerd World
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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Choices Fields Past
It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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Circles Political Pressure
The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
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Demand Path Risk
If Wall Street crashes, does Main Street follow? Not necessarily.
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Crash Doe Wall
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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Cutting Important Law
I don’t fully understand movements in the gold price.
BEN BERNANKE

Gold Movement Price
The Federal Reserve is not currently forecasting a recession.
BEN BERNANKE

Federal Forecasting Recession Reserve

Developments in financial markets can have broad economic effects felt by many outside the markets.

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Developments in financial markets can have broad economic effects felt by many outside the markets.

Related Topics

Popular Authors

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