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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.

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.

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.

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 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.

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

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

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

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

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.

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.

The Federal Reserve is not currently forecasting a recession.

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

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

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 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.

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

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