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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.

Ben Bernanke

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More quotes by Ben Bernanke

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

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

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

The Federal Reserve is not currently forecasting a recession.

I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

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 ongoing basis in order to find buyers.

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.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

The Federal Reserve will not monetize the debt.

I don't see much evidence of an equity bubble.

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

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.