Quote

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

Ben Bernanke

Change background

T

T

T

Change font

More quotes by Ben Bernanke

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.

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

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

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

One might as well try to perform brain surgery with a sledgehammer.

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.

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

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.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

I am very proud of my nerd-dom.

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

Nobody really understands gold prices and I don't pretend to understand them either.