“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.” ThinkingMightHouseBitsEconomyPathBasesSpendingEmploymentDeclineConsumptionHouse Prices Author:Ben Bernanke
“I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.” ThinkingCountryStatesUnitedUnited StatesEffectsPolicyDataAlternativesStatisticsEconomistBeneficialMacroeconomics Author:Ben Bernanke
“I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.” ThinkingCountryRiskOur CountryChineseAssetsOwnership Author:Ben Bernanke
“Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.” ThinkingKnowsYearsLife IsImaginationLackingUnpredictable Author:Ben Bernanke
“It's the price of success: people start to think you're omnipotent.” PeopleThinkingOmnipotentPrice Of Success Author:Ben Bernanke
“I generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess.” ThinkingResponsibilityAuthorityAreasProgramCongressDetailsAdministrationAppropriateAuthority And Responsibility Author:Ben Bernanke
“I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.” ThinkingNeedsTryingFailingWillingLessonsApproachOrthodoxNew ThingsAdequateOrthodoxyFranklinUnorthodoxWilling To Try Author:Ben Bernanke
