Ben Bernanke Quotes

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Ben Bernanke

Profession : Public Servant

Birth : December 13, 1953

The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.

Ben Bernanke

As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.

Ben Bernanke

Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever is necessary to get the economy going.

Ben Bernanke

Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.

Ben Bernanke

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

Ben Bernanke

Most of the policies that support robust economic growth in the long run are outside the province of the central bank.

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 reduce liquidity premiums, help restore the confidence of investors, and thus promote stability.

Ben Bernanke

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Ben Bernanke

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.

Ben Bernanke

Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a neighborhood, for example, by leading to increases in vandalism or crime.

Ben Bernanke

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.

Ben Bernanke

My proposal that Fed governors should signal their commitment to public service by wearing Hawaiian shirts and Bermuda shorts has so far gone unheeded.

Ben Bernanke

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

Ben Bernanke

If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'

Ben Bernanke

The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.

Ben Bernanke

Aggregate statistics can sometimes mask important information.

Ben Bernanke

The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.

Ben Bernanke

I don't know why there aren't more Depression buffs.

Ben Bernanke

I got into economics because I wanted to make things better for the average person.

Ben Bernanke

Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets.

Ben Bernanke