Nation Quotes
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After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
Quote by -Ben Bernanke
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
Quote by -Ben Bernanke
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.
Quote by -Ben Bernanke
Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.
Quote by -Ben Bernanke
After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.
Quote by -Ben Bernanke
Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.
Quote by -Ben Bernanke
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
Quote by -Ben Bernanke
The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background... For my money, few periods are so replete with human interest.
Quote by -Ben Bernanke
Small businesses have played an important role in fueling past economic recoveries.
Quote by -Ben Bernanke
Community development has a long history of innovation and learning from experience.
Quote by -Ben Bernanke
The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress.
Quote by -Ben Bernanke
For practitioners of community development, as in any field, joining a network of like-minded professionals is important for building skills and becoming aware of opportunities and resources.
Quote by -Ben Bernanke
Neighborhoods and communities are complex organisms that will be resilient only if they are healthy along a number of interrelated dimensions, much as a human body cannot be healthy without adequate air, water, rest, and food.
Quote by -Ben Bernanke
Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.
Quote by -Ben Bernanke
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
Quote by -Ben Bernanke
The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.
Quote by -Ben Bernanke
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point.
Quote by -Ben Bernanke
I don't think there are any students who should not be exposed to a basic financial literacy course.
Quote by -Ben Bernanke
Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.
Quote by -Ben Bernanke
Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.
Quote by -Ben Bernanke
When the economic well-being of their nation demanded a strong and creative response, my colleagues at the Federal Reserve... mustered the moral courage to do what was necessary.
Quote by -Ben Bernanke
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
Quote by -Ben Bernanke
Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a neighborhood, for example, by leading to increases in vandalism or crime.
Quote by -Ben Bernanke
I am particularly pleased to see that the Bendheim Center for Finance is thriving.
Quote by -Ben Bernanke
Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
Quote by -Ben Bernanke
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.
Quote by -Ben Bernanke
Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.
Quote by -Ben Bernanke
The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
Quote by -Ben Bernanke
To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals.
Quote by -Ben Bernanke
In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
Quote by -Ben Bernanke
Uncertainty is seen to retard investment independently of considerations of risk or expected return.
Quote by -Ben Bernanke
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
Quote by -Ben Bernanke
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Quote by -Ben Bernanke
Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.
Quote by -Ben Bernanke
In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.
Quote by -Ben Bernanke
Evolutionary psychologists suggest that humans experienced evolutionary benefits from brain developments that included aversion to loss and risk and from instincts for cooperation that helped strengthen communities.
Quote by -Ben Bernanke
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Quote by -Ben Bernanke
There will not be an automatic increase in interest rate when unemployment hits 6.5%.
Quote by -Ben Bernanke
The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
Quote by -Ben Bernanke
To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based.
Quote by -Ben Bernanke
The public in many countries is understandably concerned by the commitment of substantial government resources to aid the financial industry when other industries receive little or no assistance. This disparate treatment, unappealing as it is, appears unavoidable.
Quote by -Ben Bernanke
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.
Quote by -Ben Bernanke
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
Quote by -Ben Bernanke