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Quote by Ben Bernanke

“I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.”

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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“Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.”

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“Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.”

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“Life is short. You have to be able to laugh at our pain or we never move on.”

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“Do you want me to apologize after every joke? If it doesn't offend somebody it's probably not a joke. It's probably an observation that's not funny. It's gotta offend somebody somewhere.”

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“With everybody having a Facebook and a Twitter, I feel like regular people consider themselves stars. It's a live, real-time upload of every time we buy a pair of socks, the most telling sign that we're losing our politeness. When you know everything about somebody, you can talk to them any way you please.”

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“The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses.”

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“Developments in financial markets can have broad economic effects felt by many outside the markets.”

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“The thing about hearing loss is that no one can see it. Most people are so impatient; they just assume that the person with hearing loss is being rude, or slow-witted.”

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“The platform of an Ethical Society is itself the altar; the address must be the fire that burns thereon.”

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“The best method for preventing destructive cult involvement is preventative education. If students and the public at large are more aware of destructive groups beforehand they may better understand and resist their recruitment efforts.”

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