If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
BEN BERNANKEHouse 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.
More Ben Bernanke Quotes
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In fact, the world needs more nerds.
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It takes about two and a half percent growth just to keep unemployment stable.
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The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.
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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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The Fed is totally open.
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If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
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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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Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand
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It’s the price of success: people start to think you’re omnipotent.
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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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Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
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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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It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
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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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