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.
BEN BERNANKEI come from Main Street, from a small town that’s really depressed.
More Ben Bernanke Quotes
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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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So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.
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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.
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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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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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I am confident that we will meet whatever challenges the future may bring.
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One might as well try to perform brain surgery with a sledgehammer.
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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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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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Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.
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I am very proud of my nerd-dom.
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The Federal Reserve is not currently forecasting a recession.
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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 impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
BEN BERNANKE