Quote

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Ben Bernanke

Change background

T

T

T

Change font

TAGS & TOPICS

Born: December 13

Ben Shalom Bernanke

Benjamin Shalom Bernanke

More quotes by Ben Bernanke

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

Education - 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.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

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

It's the price of success: people start to think you're omnipotent.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

The 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.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

It takes about two and a half percent growth just to keep unemployment stable.

The 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 Medicare.

Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

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.

Among 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 substantial part of our banking system.

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.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.