Ben Bernanke Quotes:- Ben Bernanke (born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve’s response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year.
Inspirational Ben Bernanke Quotes
“It’s the price of success: people start to think you’re omnipotent.”
Ben Bernanke
“The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.”
Ben Bernanke
“Income inequality is troubling because, among other things, it means that many people in our society don’t have the opportunities to advance themselves.”
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.”
Ben Bernanke
“History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.”
Ben Bernanke
“Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.”
Ben Bernanke
“Remember that physical beauty is evolution’s way of assuring us that the other person doesn’t have too many intestinal parasites.”
Ben Bernanke
“Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.”
Ben Bernanke
“Most of the policies that support robust economic growth, in the long run, are outside the province of the central bank.”
Ben Bernanke
60+ Famous Quotes by Ben Bernanke
“Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal – but not for a positive reason.”
Ben Bernanke
“In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.”
Ben Bernanke
“Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative, and ineffective.”
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.”
Ben Bernanke
“I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.”
Ben Bernanke
“If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.”
Ben Bernanke
“Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.”
Ben Bernanke
“If two people always agree, one of them is redundant.”
Ben Bernanke
“No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.”
Ben Bernanke
50+ Ben Bernanke Quotes on Economics and Crisis
“Identity theft is a serious crime that affects millions of Americans each year.”
Ben Bernanke
“I got into economics because I wanted to make things better for the average person.”
Ben Bernanke
“Interest rates are used to achieve overall economic stability.”
Ben Bernanke
“The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.”
Ben Bernanke
“Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.”
Ben Bernanke
“In fact, the world needs more nerds.”
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.”
Ben Bernanke
“Monetary policy is not a panacea.”
Ben Bernanke
“Only a strong economy can create higher asset values and sustainably good returns for savers.”
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.”
Ben Bernanke
“It takes about two and a half percent growth just to keep unemployment stable.”
Ben Bernanke
40+ Powerful Quotes by Ben Bernanke
“If you are not happy with yourself, even the loftiest achievements won’t bring you much satisfaction.”
Ben Bernanke
“Many savers are also homeowners; indeed, a family’s home may be its most important financial asset. Many savers are working, or would like to be.”
Ben Bernanke
“As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.”
Ben Bernanke
“The Federal Reserve cannot solve all the economy’s problems on its own.”
Ben Bernanke
“I’ve never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.”
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.”
Ben Bernanke
“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.”
Ben Bernanke
“If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.”
Ben Bernanke
“In the past, Federal Reserve chairmen have not generally gone directly to the public.”
Ben Bernanke
30+ Best Quotes on 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.”
Ben Bernanke
“The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.”
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.”
Ben Bernanke
“As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.”
Ben Bernanke
“Uncertainty is seen to retard investment independently of considerations of risk or expected return.”
Ben Bernanke
“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
“It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.”
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.”
Ben Bernanke
“I came home from school one day, and there was a phone call for me. And I picked up the phone. They said, ‘This is the Harvard Admissions Department. We’d like to let you know that you’re accepted in the freshman class.’ And I said, ‘Come on, who is this really?'”
Ben Bernanke
Top 10 Quotes on Ben Bernanke
“High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.”
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.”
Ben Bernanke
“The Federal Reserve’s job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing.”
Ben Bernanke
“I think most of us would agree that people who have, say, little formal schooling but labor honestly and diligently to help feed, clothe, and educate their families are deserving of greater respect – and help, if necessary – than many people who are superficially more successful.”
Ben Bernanke
“Stronger regulation and supervision aimed at problems with underwriting practices and lenders’ risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.”
Ben Bernanke
“If you take a candy bar in the short run, it gives you a burst of energy, but after a while, it just makes you fat.”
Ben Bernanke
“A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies stability in the price of gold itself.”
Ben Bernanke
“The central bank needs to be able to make policy without short-term political concerns.”
Ben Bernanke
“The Fed’s independence is critical.”
Ben Bernanke
“If bankers become overly conservative in response to past lending mistakes – or if examiners force such behavior – it will hurt bankers’ own long-term interests and the economy in general.”
Ben Bernanke
