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

Ben Bernanke

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More quotes by Ben Bernanke

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.

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.

I am very proud of my nerd-dom.

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

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.

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 don't see much evidence of an equity bubble.

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

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.

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.

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.

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

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.

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.

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