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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

I am very proud of my nerd-dom.

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.

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

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.

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

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

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.

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.

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

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

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.

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.

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