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 BERNANKEA money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
More Ben Bernanke Quotes
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Not all information is beneficial.
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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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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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Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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It’s the price of success: people start to think you’re omnipotent.
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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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The central bank needs to be able to make policy without short term political concerns.
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If your uniform isn’t dirty, you haven’t been in the game.
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
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[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.
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I come from Main Street, from a small town that’s really depressed.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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