Ben Bernanke Quotes About Technology

Quotes about: Technology

• The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

  Ben Bernanke

  Technology, Government, Wish

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

• Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.

  Ben Bernanke

  Technology, Government, Numbers

  "Bernanke Goes Nuclear" by John Standerfer, www.huffingtonpost.com. April 18, 2009.

• The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.

  Ben Bernanke

  Technology, People, Entrepreneur

  "60 minutes" with Scott Pelley, www.realclearpolitics.com. March 15, 2009.

• Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.

  Ben Bernanke

  Technology, Growth, Progress

  Source: www.macleans.ca

• Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.

  Ben Bernanke

  Change, Technology, Years

  "Letting the air out". www.economist.com. November 19, 2008.

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