If your uniform isn’t dirty, you haven’t been in the game.
BEN BERNANKEIf your uniform isn’t dirty, you haven’t been in the game.
BEN BERNANKEA money-financed tax cut is essentially equivalent to Milton Friedman’s famous ‘helicopter drop’ of money.
BEN BERNANKEEvery 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.
BEN BERNANKEThe amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKEThe GSEs are adequately capitalized. They are in no danger of failing.
BEN BERNANKEAmong the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
BEN BERNANKEIt’s the price of success: people start to think you’re omnipotent.
BEN BERNANKEDevelopments in financial markets can have broad economic effects felt by many outside the markets.
BEN BERNANKEThe people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
BEN BERNANKEIndeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
BEN BERNANKEWeaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.
BEN BERNANKEThe lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
BEN BERNANKEThe financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
BEN BERNANKEUnder 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.
BEN BERNANKEInvestment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
BEN BERNANKEWith 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 BERNANKE