Ben Bernanke Quotes About Today

Quotes about: Today

• 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.

• 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.

• The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

  Ben Bernanke

  Running, Long, Might

• Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.

  Ben Bernanke

  Humanity, Incentives, Today

  "Ben Bernanke Optimistic About Future Innovation In Commencement Address" by Alister Bull, www.huffingtonpost.com. May 18, 2013.

• facebook
• twitter
• googleplus
• email
• linkedin

• facebook
• twitter
• googleplus
• email
• linkedin