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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

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

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

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

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

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

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.

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.

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.

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

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

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.

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.

The Federal Reserve will not monetize the debt.

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.

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives.

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

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