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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.

Ben Bernanke

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More quotes by Ben Bernanke

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.

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.

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.

The Federal Reserve will not monetize the debt.

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 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.

Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.

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

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.

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

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

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

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

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