/files/images/authors/picture/ben-bernanke_quotes.png

Ben Bernanke - Quotes

There are 41 quotes by Ben Bernanke at 95quotes.com. Find your favorite quotations and top quotes by Ben Bernanke from this hand-picked collection . Feel free to share these quotes and sayings on Facebook, Pinterest, Tumblr & Twitter or any of your favorite social networking sites.

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933. ---->>>

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

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

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses. ---->>>

In fact, the world needs more nerds. ---->>>

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

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles. ---->>>

I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate. ---->>>

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

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. ---->>>

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. ---->>>

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. ---->>>

The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest. ---->>>

Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever is necessary to get the economy going. ---->>>

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare. ---->>>

I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour. ---->>>

Monetary policy is not a panacea. ---->>>

I am very proud of my nerd-dom. ---->>>

The amount of currency in circulation is not changing. The money supply is not changing in any significant way. ---->>>

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

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

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

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. ---->>>

How much would you pay to avoid a second Depression? ---->>>

The Fed is totally open. ---->>>

The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example. ---->>>

Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective. ---->>>

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives. ---->>>

I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street. ---->>>

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment. ---->>>

Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job. ---->>>

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities. ---->>>

The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions. ---->>>

The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing. ---->>>

The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences. ---->>>

Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets. ---->>>

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

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

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

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. ---->>>

Biography

Nationality: American
Born: 12-13, 1953
Birthplace:
Die:
Occupation: Public Servant
Website:

Ben Shalom Bernanke ( bər-NANG-kee; born December 13, 1953) is an American economist at the Brookings Institution who served two terms as Chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis (wikipedia)