The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKEIf 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.
More Ben Bernanke Quotes
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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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I don’t fully understand movements in the gold price.
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The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.
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I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
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It’s the price of success: people start to think you’re omnipotent.
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Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn’t dirty, you haven’t been in the game.
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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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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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Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
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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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If your uniform isn’t dirty, you haven’t been in the game.
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The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.
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I generally leave the details of fiscal programs to the Administration and Congress. That’s really their area of authority and responsibility, and I don’t think it’s appropriate for me to second guess.
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The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
BEN BERNANKE