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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.
Ben Bernanke
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Ben Bernanke
Age: 70
Born: 1953
Born: December 13
Banker
Economist
Politician
Professor
Teacher
Augusta
Georgia
Ben Shalom Bernanke
Benjamin Shalom Bernanke
Imagine
Traveling
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Companion
Years
Speaking
Travel
Choice
Married
Consequential
Journey
Happily
Somebody
Lifelong
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.
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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.
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
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I am very proud of my nerd-dom.
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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.
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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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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
I don't see much evidence of an equity bubble.
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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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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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It takes about two and a half percent growth just to keep unemployment stable.
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It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
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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.
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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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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.
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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.
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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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The Federal Reserve will not monetize the debt.
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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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Nobody really understands gold prices and I don't pretend to understand them either.
Ben Bernanke