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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.

Ben Bernanke

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Ben Bernanke
Age: 71
Born: 1953
Born: December 13
Banker
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Ben Shalom Bernanke
Benjamin Shalom Bernanke
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
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If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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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.
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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.
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It's the price of success: people start to think you're omnipotent.
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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.
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The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
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One might as well try to perform brain surgery with a sledgehammer.
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