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Quote by Ben Bernanke

“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.”

Quote by Ben Bernanke

Author

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

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“Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.”

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

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“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.”

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