In a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
BEN BERNANKEIt takes about two and a half percent growth just to keep unemployment stable.
More Ben Bernanke Quotes
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Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.
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It is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions
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A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.
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I’d throw dollars out of helicopters if I had to, to stimulate the economy.
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It takes about two and a half percent growth just to keep unemployment stable.
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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I come from Main Street, from a small town that’s really depressed.
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Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.
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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 am very proud of my nerd-dom.
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Education – lifelong education for everyone – from toddlers to workers well advanced in their careers – is indeed an excellent investment for individuals and society as a whole.
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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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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 don’t see much evidence of an equity bubble.
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The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.
BEN BERNANKE