Ben Bernanke Quotes

Quotes about:

• Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

  Ben Bernanke

  Dirty, Games, Essentials

  67 Copy quote

• 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 as it wishes at essentially no cost.

  Ben Bernanke

  Technology, Government, Wish

  "Deflation: Making Sure "It" Doesn't Happen Here". Governor Ben Bernanke's remarks before the National Economists Club in Washington, D.C., www.federalreserve.gov. November 21, 2002.

  53 Copy quote

• I'd throw dollars out of helicopters if I had to, to stimulate the economy.

  Ben Bernanke

  Dollars, Economy, Helicopters

  9 Copy quote

• The Federal Reserve is not currently forecasting a recession.

  Ben Bernanke

  Federal Reserve, Forecasting, Recessions

  Speech at the "Women in Housing and Finance" luncheon in Washington, www.sfgate.com. January 10, 2008.

  10 Copy quote

• Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

  Ben Bernanke

  Running, Car, Trying

  Interview with Arthur J. Rolnick, www.minneapolisfed.org. June 1, 2004.

  16 Copy quote

• The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.

  Ben Bernanke

  Impact, Financial, Problem

  "Explaining FinReg: Shadow bank runs, or the problem behind the problem". voices.washingtonpost.com. June 20, 2007.

  11 Copy quote

• It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions

  Ben Bernanke

  Responsibility, Decision, Economics

  5 Copy quote

• Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But 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 as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.

  Ben Bernanke

  Technology, Government, Numbers

  "Bernanke Goes Nuclear" by John Standerfer, www.huffingtonpost.com. April 18, 2009.

  15 Copy quote

• I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

  Ben Bernanke

  Would Be, Financial, Problem

  "Anatomy of a Meltdown" by John Cassidy, www.newyorker.com. December 1, 2008.

  4 Copy quote

• The Federal Reserve will not monetize the debt.

  Ben Bernanke

  Debt, Federal Reserve, Reserves

  "Who Do You Trust with Your Money?". Ben Bernanke's speech before the U.S. House Budget Committee in Washington, D.C., www.minneapolisfed.org. September 1, 2009.

  10 Copy quote

• To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

  Ben Bernanke

  Defense, Entitlement, Social

  "Economic Challenges: Past, Present, and Future". Speech at the Dallas Regional Chamber, Dallas, Texas, www.federalreserve.gov. April 07, 2010.

  4 Copy quote

• It's the price of success: people start to think you're omnipotent.

  Ben Bernanke

  Thinking, People, Price Of Success

  7 Copy quote

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

  Ben Bernanke

  Depression, Earthquakes, Want

  17 Copy quote

• The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

  Ben Bernanke

  Way, Currency, Significant

  "Fed Chairman Ben Bernanke's Take On The Economy". "60 Minutes" with Scott Pelley, www.cbsnews.com. December 3, 2010.

  4 Copy quote

• Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

  Ben Bernanke

  Past, Choices, Fields

  "Wonkbook: Ben Bernanke’s surprisingly excellent, radical speech" by Ezra Klein, Evan Soltas, www.washingtonpost.com. June 3, 2013.

  15 Copy quote

• I don't see much evidence of an equity bubble.

  Ben Bernanke

  Evidence, Equity, Bubbles

  4 Copy quote

• There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

  Ben Bernanke

  Smart, Challenges, Growth

  "A Crash Course for Central Bankers" by Ben Bernanke, foreignpolicy.com. Novemeber 20, 2009.

  7 Copy quote

• Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

  Ben Bernanke

  Growth, Employment, Financial

  9 Copy quote

• In fact, the world needs more nerds.

  Ben Bernanke

  Nerd, Needs, World

  "Federal Reserve Chair Ben Bernanke on Economy: 'Far Too Early to Declare Victory'" by Susanna Kim, abcnews.go.com. March 27, 2012.

  4 Copy quote

• A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

  Ben Bernanke

  Cutting, Milton, Helicopters

  4 Copy quote

• Monetary policy is not a panacea.

  Ben Bernanke

  Panacea, Monetary Policy, Policy

  "Ben Bernanke won't commit to fiurther Fed stimulus - US politics live". Richard Adams's blog, www.theguardian.com. June 7, 2012.

  20 Copy quote

• 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

  Recovery, Long, Lessons

  "60 Minutes" with Scott Pelley, www.realclearpolitics.com. March 15, 2009.

  4 Copy quote

• A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

  Ben Bernanke

  People, Gold, Standards

  7 Copy quote

• It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

  Ben Bernanke

  Cost, Frustrating, Raises

  "Diane Sawyer Says 'That Republicans See Ben Bernanke As A Villain'". "ABC World News" with Diane Sawyer, www.newsbusters.org. March 28, 2012.

  59 Copy quote

• Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

  Ben Bernanke

  Financial, Great Depression, Results

  16 Copy quote

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