It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
BEN BERNANKEOur 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.
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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Speaking as somebody who has been happily married for 35 years, I can’t imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
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If your uniform isn’t dirty, you haven’t been in the game.
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A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
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It takes about two and a half percent growth just to keep unemployment stable.
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Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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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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In fact, the world needs more nerds.
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
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I don’t fully understand movements in the gold price.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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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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.
BEN BERNANKE