If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression. — Ben Bernanke Copy Share Image
It takes about two and a half percent growth just to keep unemployment stable. — Ben Bernanke Copy Share Image
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again. — Ben Bernanke Copy Share Image
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained. — Ben Bernanke Copy Share Image
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue… — Ben Bernanke Copy Share Image
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. — Ben Bernanke Copy Share Image
The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so. — Ben Bernanke Copy Share Image
I'd throw dollars out of helicopters if I had to, to stimulate the economy. — Ben Bernanke Copy Share Image
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of… — Ben Bernanke Copy Share Image
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it… — Ben Bernanke Copy Share Image
Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever… — Ben Bernanke Copy Share Image
The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of… — Ben Bernanke Copy Share Image
The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate… — Ben Bernanke Copy Share Image
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on… — Ben Bernanke Copy Share Image
The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer… — Ben Bernanke Copy Share Image
Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for… — Ben Bernanke Copy Share Image
Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the… — Ben Bernanke Copy Share Image
The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support… — Ben Bernanke Copy Share Image
There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would… — Ben Bernanke Copy Share Image
Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The… — Ben Bernanke Copy Share Image
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue… — Ben Bernanke Copy Share Image
China is growing very quickly and is clearly becoming an important player in the world economy. — Ben Bernanke Copy Share Image
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change. — Ben Bernanke Copy Share Image
I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in… — Ben Bernanke Copy Share Image
The Federal Reserve cannot solve all the economy's problems on its own. — Ben Bernanke Copy Share Image
In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is… — Ben Bernanke Copy Share Image
Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy… — Ben Bernanke Copy Share Image
The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer… — Ben Bernanke Copy Share Image
We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that… — Ben Bernanke Copy Share Image
The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that… — Ben Bernanke Copy Share Image
Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as… — Ben Bernanke Copy Share Image
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills… — Ben Bernanke Copy Share Image
Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where… — Ben Bernanke Copy Share Image
Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to… — Ben Bernanke Copy Share Image
We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. — Ben Bernanke Copy Share
In the past, Federal Reserve chairmen have not generally gone directly to the public. — Ben Bernanke Copy Share
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars… — Ben Bernanke Copy Share
The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds… — Ben Bernanke Copy Share
Community development has a long history of innovation and learning from experience. — Ben Bernanke Copy Share
To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can… — Ben Bernanke Copy Share
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a… — Ben Bernanke Copy Share
If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction. — Ben Bernanke Copy Share
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability. — Ben Bernanke Copy Share
...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals — Ben Bernanke Copy Share
To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social… — Ben Bernanke Copy Share
The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars… — Ben Bernanke Copy Share
