The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
BEN BERNANKEIt’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
More Ben Bernanke Quotes
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I am very proud of my nerd-dom.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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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I come from Main Street, from a small town that’s really depressed.
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The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
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How much would you pay to avoid a second Depression?
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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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It is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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The Fed is totally open.
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In fact, the world needs more nerds.
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
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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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The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.
BEN BERNANKE