Quote

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

Ben Bernanke

Change background

T

T

T

Change font

More quotes by Ben Bernanke

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

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

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

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.

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

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.

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.

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.

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.

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.

The Federal Reserve will not monetize the debt.

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.

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

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

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.