The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKENobody really understands gold prices and I don’t pretend to understand them either.
More Ben Bernanke Quotes
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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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A money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
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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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If your uniform isn’t dirty, you haven’t been in the game.
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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I am confident that we will meet whatever challenges the future may bring.
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The GSEs are adequately capitalized. They are in no danger of failing.
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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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While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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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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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Nobody really understands gold prices and I don’t pretend to understand them either.
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The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
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It’s the price of success: people start to think you’re omnipotent.
BEN BERNANKE