Among the largest banks, the capital ratios remain good and I donβt expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.
More Author Quotes
- If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
- 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.
- 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 entreprene β¦ βΆ
- Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent β¦ βΆ
- The Federal Reserve will not monetize the debt. β¨ 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 β¦ βΆ
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