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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.

Ben Bernanke

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More quotes by Ben Bernanke

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

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

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

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

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

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.

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

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

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.

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

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.

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.

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

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

I am very proud of my nerd-dom.

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.