Both humanity’s capacity to innovate and the incentives to innovate are greater today than at any other time in history.
BEN BERNANKE
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.
More Ben Bernanke Quotes
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The central bank needs to be able to make policy without short term political concerns.
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It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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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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Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
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I am confident that we will meet whatever challenges the future may bring.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.
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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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