The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
BEN BERNANKEThe amount of currency in circulation is not changing. The money supply is not changing in any significant way.
More Ben Bernanke Quotes
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I come from Main Street, from a small town that’s really depressed.
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve’s other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
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So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.
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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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The American people are among the most productive in the world. We have the best technologies. We have – great universities. We have entrepreneurs.
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If your uniform isn’t dirty, you haven’t been in the game.
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Among 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.
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Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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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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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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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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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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A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
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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
BEN BERNANKE