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If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
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
Flexibility
Exchange
Chinese
Rate
Asking
Certainly
Greater
Would
Advocate
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The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.
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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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September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
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The Federal Reserve is not currently forecasting a recession.
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One might as well try to perform brain surgery with a sledgehammer.
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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.
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A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment luckiest in terms of family support, encouragement and, probably, income luckiest in their educational and career opportunities and luckiest in so many other ways difficult to enumerate - these are the folks who reap the largest rewards.
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It's the price of success: people start to think you're omnipotent.
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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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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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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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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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I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.
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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.
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I don't see much evidence of an equity bubble.
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.
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If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
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