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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.

Ben Bernanke

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More quotes by Ben Bernanke

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.

One might as well try to perform brain surgery with a sledgehammer.

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

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

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.

Nobody really understands gold prices and I don't pretend to understand them either.

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

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

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

Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.

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

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

I am very proud of my nerd-dom.

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.

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.

Life is amazingly unpredictable any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

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.