"The basic prescription for preventing deflation is straightforward,……" — Ben Bernanke
"The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place."
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Ben Bernanke
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81 Quotes by Ben Bernanke
Ben Bernanke has 81 quotes on this site.
A few more worth reading:
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The lesson of history is that you do not get a sustained economic recovery as long as the financial system…
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions,…
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate…
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Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a…
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The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed…
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Developments in financial markets can have broad economic effects felt by many outside the markets.
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Monetary policy is not a panacea.
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A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it…
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Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other…
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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain…
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Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an…
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It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and…
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More Aggregate Quotes
This quote is filed under Aggregate Quotes,
one of 76 quotes in that category. Here are a few more:
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A people represents not so much an aggregate of ideas and theories as of obsessions.
— Emile M. Cioran
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He who by an exertion of mind or body, adds to the aggregate of enjoyable wealth, increases the sum of…
— Henry George
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The aggregate happiness of the society, which is best promoted by the practice of a virtuous policy, is, or ought…
— George Washington
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When the aggregate amount of solid matter transported by rivers in a given number of centuries from a large continent,…
— Charles Lyell
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I attempted to see famines as broad "economic" problems (concentrating on how people can buy food, or otherwise get entitled…
— Amartya Sen
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My share of the work of the world may be limited, but the fact that it is work makes it…
— John Harvey Kellogg
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One of the most helpful things that anybody can learn is to give up trying to catch the last eighth…
— Jesse Lauriston Livermore
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Now Manchester United are 2-1 down on aggregate, they are in a better position than when they started the game…
— Ron Atkinson
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Now it is worth noticing two things about the private substitutes that I have described. The first is that in…
— Unknown Author
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It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the…
— Paul Krugman
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse…
— Ben Bernanke
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History, that is to say, the unconscious, universal life of humanity, in the aggregate, every moment profits by the life…
— Leo Tolstoy
See all 76 Aggregate Quotes »