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

Ben Bernanke

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More quotes by Ben Bernanke

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

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.

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.

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.

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

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.

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

The Federal Reserve will not monetize the debt.

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.

The Federal Reserve is not currently forecasting a recession.

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.

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

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.

It takes about two and a half percent growth just to keep unemployment stable.

I am very proud of my nerd-dom.

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.