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If Wall Street crashes, does Main Street follow? Not necessarily.

Ben Bernanke

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More quotes by Ben Bernanke

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.

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.

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

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

The Federal Reserve will not monetize the debt.

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

I am very proud of my nerd-dom.

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

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.

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

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.

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

Under a cold turkey strategy, at each policy meeting the Federal Open Market Committee would make its best guess about where it ultimately wants the funds rate to be and would move to that rate in a single step.

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.

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.

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