Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency. β¨ Letting the air out. www.economist.com. November 19, 2008.
More Author Quotes
- 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.
- Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running. β¨ Interview with Arthur J. Rolnick, www.minneapolisfed.org. June 1, 2004.
- It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting. β¨ Diane Sawyer Says 'That Republicans See Ben Bernanke As A Villain'. A β¦ βΆ
- In fact, the world needs more nerds. β¨ Federal Reserve Chair Ben Bernanke on Economy: 'Far Too Early to Declare Victory' by Susanna Kim, abcnews.go.com. March 27, 2012.
- The 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 prices on an ongoin β¦ βΆ
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