--- title: "4 Decline Quotes By Ben Bernanke" description: "4 Decline quotes by Ben Bernanke. Plus more from Ben Bernanke and more Decline sayings from other authors." image: "https://sms4smile.com/quotes/i/029/ben-bernanke-1388_cases_there-s-no-denying-that-a-collapse-in-st_1489031.jpg" --- > [There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would…](https://sms4smile.com/quotes/ben-bernanke/there-s-no-denying-that-a-collapse-in-stock-prices-today-would-pose/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Image](https://sms4smile.com/quotes/i/029/ben-bernanke-1388_cases_there-s-no-denying-that-a-collapse-in-st_1489031.jpg) > [Deflation is defined as a general decline in prices, with emphasis on the word 'general.'](https://sms4smile.com/quotes/ben-bernanke/deflation-is-defined-as-a-general-decline-in-prices-with-emphasis-on/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Image](https://sms4smile.com/quotes/i/5a2/ben-bernanke-1388_customer_deflation-is-defined-as-a-general-declin_1855876.png) > [The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung…](https://sms4smile.com/quotes/ben-bernanke/the-crisis-and-recession-have-led-to-very-low-interest-rates-it-is/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Image](https://sms4smile.com/quotes/i/146/ben-bernanke-1388_crisis_the-crisis-and-recession-have-led-to-ver_2217475.png) > [We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that…](https://sms4smile.com/quotes/ben-bernanke/we-ve-never-had-a-decline-in-house-prices-on-a-nationwide-basis-so/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Image](https://sms4smile.com/quotes/i/2b7/ben-bernanke-1388_bases_we-ve-never-had-a-decline-in-house-price_2678217.png) ## Other authors on Decline - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-noam-chomsky-71799.jpg) Noam Chomsky 7 quotes ](https://sms4smile.com/quotes/about/decline/noam-chomsky/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-milton-friedman-68333.jpg) Milton Friedman 7 quotes ](https://sms4smile.com/quotes/about/decline/milton-friedman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b017/author-martin-jacques-64730.jpg) Martin Jacques 7 quotes ](https://sms4smile.com/quotes/about/decline/martin-jacques/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-benjamin-graham-17141.jpg) Benjamin Graham 6 quotes ](https://sms4smile.com/quotes/about/decline/benjamin-graham/) - [Samuel Johnson 5 quotes](https://sms4smile.com/quotes/about/decline/samuel-johnson/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b019/author-penelope-spheeris-74493.jpg) Penelope Spheeris 5 quotes ](https://sms4smile.com/quotes/about/decline/penelope-spheeris/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b016/author-ludwig-von-mises-61872.jpg) Ludwig von Mises 5 quotes ](https://sms4smile.com/quotes/about/decline/ludwig-von-mises/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b015/author-lester-r-brown-59929.jpg) Lester R. Brown 5 quotes ](https://sms4smile.com/quotes/about/decline/lester-r-brown/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-bernie-sanders-17420.jpg) Bernie Sanders 5 quotes ](https://sms4smile.com/quotes/about/decline/bernie-sanders/) ## More by Ben Bernanke > [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.](https://sms4smile.com/quotes/ben-bernanke/we-do-not-expect-significant-spillovers-from-the-subprime-market-to/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [In the past, Federal Reserve chairmen have not generally gone directly to the public.](https://sms4smile.com/quotes/ben-bernanke/in-the-past-federal-reserve-chairmen-have-not-generally-gone-directly/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [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…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds…](https://sms4smile.com/quotes/ben-bernanke/the-depression-was-an-incredibly-dramatic-episode-an-era-of-stock/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Community development has a long history of innovation and learning from experience.](https://sms4smile.com/quotes/ben-bernanke/community-development-has-a-long-history-of-innovation-and-learning/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can…](https://sms4smile.com/quotes/ben-bernanke/to-be-sure-the-provision-of-liquidity-alone-can-by-no-means-solve-the/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [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…](https://sms4smile.com/quotes/ben-bernanke/consumers-going-through-foreclosure-typically-will-see-their-credit/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.](https://sms4smile.com/quotes/ben-bernanke/if-you-are-not-happy-with-yourself-even-the-loftiest-achievements-won/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.](https://sms4smile.com/quotes/ben-bernanke/high-levels-of-homeownership-have-been-shown-to-foster-greater/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-has-the-capacity-to-operate-in-domestic-money/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve will not monetize the debt.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-will-not-monetize-the-debt/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social…](https://sms4smile.com/quotes/ben-bernanke/to-avoid-large-and-unsustainable-budget-deficits-the-nation-will/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [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…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today-2/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/decline/ben-bernanke/#itemlist", "name": "4 Decline Quotes By Ben Bernanke", "numberOfItems": 4, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. 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