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Quote by Ben Bernanke

“...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals”

Quote by Ben Bernanke

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Ben Bernanke
Ben Bernanke

Ben Bernanke is a renowned economist born on December 13, 1953. He has made significant contributions to the field of economics and has had a profound impact on the global financial system, serving as the Chairman of the Federal Reserve System. more

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“Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.”

IfsRealEndsWholeValuesTurnsOpinionIncreaseInvestingSizeCreditConvincedCeaseFlightCracksCashQuantityFoundersMinimumExpansionCommodityPublic OpinionMonetaryReal ValueMonetary System
Author:Ludwig von Mises
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“Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.”

IfsMeanGovernmentLawLibertyEconomyEconomicLettersOppositesConstitutionInvestingRangePreservationCompulsionProvisionCoercionCompatibleMarket EconomyEconomic Freedom
Book:Economic freedom and interventionism: an anthology of articles and essays
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“There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.”

PeopleMenMeanImportantSelfMatterProblemTodayAbilityResponsibilityFateConditionsAcceptanceInvolvedDeterminationEconomicsPrejudiceIntelligentBlindInvestingSurrenderExpertsNeglectStakesElitesSelf DeterminationDominationRelianceAbandonmentPersonal ResponsibilityBirthrightIntelligent ManProgeny
Author:Ludwig von Mises
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“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 - that is what it amounts to, with interest.”

PeopleThinkingWayWantShouldStatesWishInterestWealthUnitedPayUnited StatesStupidAmountAddInvestingDebtCompelledLoanNational DebtOld Ways
Author:Thomas A. Edison
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