Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.
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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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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Developments in financial markets can have broad economic effects felt by many outside the markets.
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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 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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I am very proud of my nerd-dom.
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The GSEs are adequately capitalized. They are in no danger of failing.
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Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
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I don’t see much evidence of an equity bubble.
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House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.
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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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I don’t fully understand movements in the gold price.
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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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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
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Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.
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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.
BEN BERNANKE