“The central bank needs to be able to make policy without short term political concerns.” Quote by 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
“If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.” IfsAchievementSatisfactionNot HappyHappy With Yourself Author:Ben Bernanke
“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.” MadePastChoicesFieldsEconomicsSophisticatedExplainingSuperb Author: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.” IfsGamesFailingHavensEssentialsLikesDirtyUniformsParts Of Life Author:Ben Bernanke
“The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.” ProblemSeemsEconomyImpactFinancialFinancial Markets Author:Ben Bernanke
“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.” ProblemSeriousActiveBankingRatiosBanking System Author:Ben Bernanke
“We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.” EconomyFinancialSignificantFinancial System Author:Ben Bernanke
“Nobody really understands gold prices and I don't pretend to understand them either.” GoldGold Price Author:Ben Bernanke
“A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.” CuttingTaxesTax CutsHelicoptersMilton Author:Ben Bernanke