Ben BernankeThe sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut… ▶371Humor
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.372Humanity
Ben BernankeThe central bank needs to be able to make policy without short term political concerns. ✨ Fed Chairman Ben Bernanke's Take On The Economy. 60 Minutes with Scott Pelley,… ▶341Politics
Ben BernankeThe 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. 355Love
Ben BernankeWith respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to underst… ▶325Reflection
Ben BernankeIn fact, the world needs more nerds. ✨ Federal Reserve Chair Ben Bernanke on Economy: 'Far Too Early to Declare Victory' by Susanna Kim, abcnews.go.com. March 27, … ▶315Truth
Ben BernankeThe 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 Medicar… ▶282Death
Ben BernankeHow much would you pay to avoid a second Depression?283Humor
Ben BernankeThe basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a m… ▶338Time
Ben BernankeA money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.306Reflection
Ben BernankeMonetary policy is not a panacea. ✨ Ben Bernanke won't commit to fiurther Fed stimulus - US politics live. Richard Adams's blog, www.theguardian.com. June 7, 2012.… ▶339Politics
Ben BernankeI and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was v… ▶274Philosophy
Ben BernankeI 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 … ▶274Love
Ben BernankeWhile rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S. ✨ Explaining FinReg: Shadow bank run… ▶3210Death
Ben BernankeThe GSEs are adequately capitalized. They are in no danger of failing. ✨ 10 Things That Every American Should Know About The Federal Reserve by Michael Snyder, www.businessi… ▶308Reflection
Ben BernankeHouse 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 … ▶308ReflectionTime
Ben BernankeImportantly, 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 essen… ▶231Truth
Ben BernankeIt is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions243Politics
Ben BernankeAmong the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substanti… ▶287Death
Ben BernankeNobody 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.254Life
Ben BernankeGiven the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organi… ▶309Reflection
Ben BernankeI don't see much evidence of an equity bubble.244Hope
Ben BernankeEconomics 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… ▶244HopeReadingThought
Ben BernankeIf you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.277Truth
Ben BernankeLife 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.255LifeThought
Ben BernankeThe risk that the economy has entered a substantial downturn appears to have diminished over the past month or so. ✨ MAULDIN: Economists Are Totally Clueless About The Econo… ▶266Time
Ben BernankeIt must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting. ✨ Diane Sawyer Says 'That Republicans See Ben Bern… ▶245Death
Ben BernankeDevelopments in financial markets can have broad economic effects felt by many outside the markets. ✨ Bernanke Sets The Right Tone by Hale 'Bonddad' Stewart, www.h… ▶245Time
Ben BernankeEducation - 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.246HumanityLife
Ben BernankeThe lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis. ✨ 60 Minutes with Scott Pelley, www.realclearpolitic… ▶279Politics
