“The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”
Quote by Ben Bernanke
Author
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
You May Also Like
“I think that the best companies are companies that have a real purpose.”
“The meek shall inherit the earth, but they'll never increase market share.”
“Politeness and civility are the best capital ever invested in business.”
Source: The Art of Money Getting
“Retail is selling things that don't come back to customers who do.”