Ben Bernanke Quotes

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Ben Bernanke

Profession : Public Servant

Birth : December 13, 1953

Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.

Ben Bernanke

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

Ben Bernanke

Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal - but not for a positive reason.

Ben Bernanke

No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.

Ben Bernanke

Only a strong economy can create higher asset values and sustainably good returns for savers.

Ben Bernanke

The best solution to income inequality is providing a high-quality education for everybody. In our highly technological, globalized economy, people without education will not be able to improve their economic situation.

Ben Bernanke

In fact, the world needs more nerds.

Ben Bernanke

Monetary policy is not a panacea.

Ben Bernanke

The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.

Ben Bernanke

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

Ben Bernanke

The central bank needs to be able to make policy without short term political concerns.

Ben Bernanke

Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.

Ben Bernanke

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

Ben Bernanke

In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.

Ben Bernanke

The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.

Ben Bernanke

Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.

Ben Bernanke

Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels. Homebuilders responded to the fall in demand by sharply curtailing construction.

Ben Bernanke

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

Ben Bernanke

Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.

Ben Bernanke

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

Ben Bernanke