The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
BEN BERNANKESpeaking 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.
More Ben Bernanke Quotes
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It’s the price of success: people start to think you’re omnipotent.
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The central bank needs to be able to make policy without short term political concerns.
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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 financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
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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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In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
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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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The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.
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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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I am confident that we will meet whatever challenges the future may bring.
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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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Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running.
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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 money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
BEN BERNANKE