"The sources of deflation are not a mystery.……" — Ben Bernanke
"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."
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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…
See all 81 quotes by Ben Bernanke »
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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History, that is to say, the unconscious, universal life of humanity, in the aggregate, every moment profits by the life…
— Leo Tolstoy
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The Federal Constitution forms a happy combination in this respect; the great and aggregate interests being referred to the national,…
— James Madison
See all 76 Aggregate Quotes »