If you want to understand geology, study earthquakes. If you want to u…

Ben Bernanke
57 citations
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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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 … ▶
The Federal Reserve is not currently forecasting a recession. ✨ Speech at the Women in Housing and Finance luncheon in Washington, www.sfgate.com. January 10, 2008.
The Federal Reserve will not monetize the debt. ✨ Who Do You Trust with Your Money?. Ben Bernanke's speech before the U.S. House Budget Committee in Washington, D.C., www.minneapolisfed.org. Sep … ▶
I don't fully understand movements in the gold price. ✨ Bernanke Puzzled by Gold Rally by Jon Hilsenrath, blogs.wsj.com. June 9, 2010.
In 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, 2012.

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