Ben Bernanke Quotes About Finance

Quotes about: Finance

• 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.

  Ben Bernanke

  Business, Support, Principles

  "Deflation: Making Sure "It" Doesn't Happen Here". Ben Bernanke's Remarks Before the National Economists Club in Washington, D.C., www.federalreserve.gov. November 21, 2002.

• The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

  Ben Bernanke

  Cutting, Order, Ongoing

  "Helicopter Money" by Richard Duncan, www.businessinsider.com. July 1, 2011.

• There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

  Ben Bernanke

  Smart, Challenges, Growth

  "A Crash Course for Central Bankers" by Ben Bernanke, foreignpolicy.com. Novemeber 20, 2009.

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