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.
BEN BERNANKEA 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.
More Ben Bernanke Quotes
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Not all information is beneficial.
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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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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 central bank needs to be able to make policy without short term political concerns.
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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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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 you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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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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House 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.
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The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.
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It’s the price of success: people start to think you’re omnipotent.
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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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Developments in financial markets can have broad economic effects felt by many outside the markets.
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Speaking as somebody who has been happily married for 35 years, I can’t imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.
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[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
BEN BERNANKE