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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: 70
Born: 1953
Born: December 13
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Ben Shalom Bernanke
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More quotes by Ben Bernanke

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A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.
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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.
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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.
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One might as well try to perform brain surgery with a sledgehammer.
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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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I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment luckiest in terms of family support, encouragement and, probably, income luckiest in their educational and career opportunities and luckiest in so many other ways difficult to enumerate - these are the folks who reap the largest rewards.
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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.
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If Wall Street crashes, does Main Street follow? Not necessarily.
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I don't see much evidence of an equity bubble.
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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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I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.
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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.
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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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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.
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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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In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
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Nobody really understands gold prices and I don't pretend to understand them either.
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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.
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It's the price of success: people start to think you're omnipotent.
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