Ben Bernanke quotes: wise famous quotes, sayings and quotations by Ben Bernanke

Ben Bernanke Famous Quotes & Sayings

Discover top inspirational quotes from Ben Bernanke on Wise Famous Quotes.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.

The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

I don't know why there aren't more Depression buffs.

Identity theft is a serious crime that affects millions of Americans each year.

I got into economics because I wanted to make things better for the average person.

The world has a great deal more to offer than money.

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

Actually, I'm a Republican.

Nobody really understands gold prices and I don't pretend to understand them either,

I don't think there are any students who should not be exposed to a basic financial literacy course.

Preventing liquidation of an unbalanced market will leave you in tears.

If you take a candy bar in the short run, it gives you a burst of energy, but after a while, it just makes you fat.

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

I don't fully understand movements in the gold price

I'd throw dollars out of helicopters if I had to, to stimulate the economy.

Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.

Different countries have different kinds of financial structures.

Uncertainty is seen to retard investment independently of considerations of risk or expected return.

I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.

I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.

It takes about two and a half percent growth just to keep unemployment stable.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.

Community development has a long history of innovation and learning from experience.

Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.

No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

All the Federal Reserve can do is make loans against collateral.

If two people always agree, one of them is redundant.

People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.

The GSEs are adequately capitalized. They are in no danger of failing.

The central bank needs to be able to make policy without short term political concerns.

We should see better and more direct measurements of economic well being.

In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.

In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market.

The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.

Not all information is beneficial.

Developments in financial markets can have broad economic effects felt by many outside the markets.

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

Obviously, I haven't succeeded in defusing the political concerns about the Fed.

I am particularly pleased to see that the Bendheim Center for Finance is thriving.

Certainly, 9 percent unemployment and very slow growth is not a good situation.

Interest rates are used to achieve overall economic stability.

Monetary policy is not a panacea.

The Fed is totally open.

A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.

A little humility never hurts.

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

I come from Main Street, from a small town that's really depressed.

I would argue that no financial instrument counted as regulatory capital should be allowed to receive any protection from losses.

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.

Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

The Federal Reserve cannot solve all the economy's problems on its own.

Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.

How much would you pay to avoid a second Depression?

Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs.

As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.

The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

China is growing very quickly and is clearly becoming an important player in the world economy.

It's the price of success: people start to think you're omnipotent.

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.

Small businesses have played an important role in fueling past economic recoveries.

I don't see much evidence of an equity bubble,

In fact, the world needs more nerds.

Chairman Greenspan is, of course, a master.

For many of us, owning a home signaled a passage into adulthood that coincided with the start of a career and family.

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.

The Federal Reserve will not monetize the debt.

In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.

If Wall Street crashes, does Main Street follow? Not necessarily.

There will not be an automatic increase in interest rate when unemployment hits 6.5%.

The Federal Reserve is not currently forecasting a recession.

Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.

There are limits to monetary policy.

If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'

The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.

The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress.

The Fed's independence is critical.

In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.