[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
BEN BERNANKEIt must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
More Ben Bernanke Quotes
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In fact, the world needs more nerds.
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The Fed is totally open.
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I come from Main Street, from a small town that’s really depressed.
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Nobody really understands gold prices and I don’t pretend to understand them either.
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The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.
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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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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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…the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals
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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.
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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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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.
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The Federal Reserve will not monetize the debt.
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A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
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One might as well try to perform brain surgery with a sledgehammer.
BEN BERNANKE