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.
BEN BERNANKEI’d throw dollars out of helicopters if I had to, to stimulate the economy.
More Ben Bernanke Quotes
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.
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If your uniform isn’t dirty, you haven’t been in the game.
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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.
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The central bank needs to be able to make policy without short term political concerns.
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I am confident that we will meet whatever challenges the future may bring.
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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 people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.
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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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Nobody really understands gold prices and I don’t pretend to understand them either.
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It takes about two and a half percent growth just to keep unemployment stable.
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Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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I come from Main Street, from a small town that’s really depressed.
BEN BERNANKE