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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.

Ben Bernanke

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More quotes by Ben Bernanke

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.

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.

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

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.

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

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.

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.

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

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

The Federal Reserve is not currently forecasting a recession.

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.

I am very proud of my nerd-dom.

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.