With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.
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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The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
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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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One might as well try to perform brain surgery with a sledgehammer.
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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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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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If your uniform isn’t dirty, you haven’t been in the game.
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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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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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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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Not all information is beneficial.
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I don’t think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending.
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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 Federal Reserve will not monetize the debt.
BEN BERNANKE






