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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.

Ben Bernanke

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More quotes by Ben Bernanke

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.

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.

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.

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

I am very proud of my nerd-dom.

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

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

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

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 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.

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

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 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.