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Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Ben Bernanke

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More quotes by Ben Bernanke

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

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.

Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.

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 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.

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

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 Federal Reserve will not monetize the debt.

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

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

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

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

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.

I don't see much evidence of an equity bubble.

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.