Ben Shalom Bernanke Quotes

• Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.

  Ben Shalom Bernanke

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• 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 Shalom Bernanke

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  Tags in Awfully, Raise

• If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

  Ben Shalom Bernanke

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  Tags in Study, Understand

• I come from Main Street, from a small town that’s really depressed.

  Ben Shalom Bernanke

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  Tags in Street, Town

• It’s the price of success: people start to think you’re omnipotent.

  Ben Shalom Bernanke

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  Tags in People

• Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

  Ben Shalom Bernanke

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  Tags in Great, Depression

• Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.

  Ben Shalom Bernanke

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  Tags in Investment, Retirement

• I generally leave the details of fiscal programs to the Administration and Congress. That’s really their area of authority and responsibility, and I don’t think it’s appropriate for me to second guess.

  Ben Shalom Bernanke

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  Tags in Details, Programs

• I think one of the lessons of the Depression – and this is something that Franklin Roosevelt demonstrated – was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.

  Ben Shalom Bernanke

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  Tags in Depression

• I am very proud of my nerd-dom.

  Ben Shalom Bernanke

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• Developments in financial markets can have broad economic effects felt by many outside the markets.

  Ben Shalom Bernanke

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  Tags in Economic, Effects

• A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

  Ben Shalom Bernanke

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  Tags in Stability, Gold

• It’s true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

  Ben Shalom Bernanke

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  Tags in Faces, Federal

• In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

  Ben Shalom Bernanke

  Topics in Future

  Tags in Communication

• 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 Shalom Bernanke

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• 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 Shalom Bernanke

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• Monetary policy is not a panacea.

  Ben Shalom Bernanke

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• How much would you pay to avoid a second Depression?

  Ben Shalom Bernanke

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• It takes about two and a half percent growth just to keep unemployment stable.

  Ben Shalom Bernanke

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  Tags in Growth

• Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

  Ben Shalom Bernanke

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  Tags in Investment

Ben Shalom Bernanke (40)

Birth:	13th December, 1953
Nationality:	American
Profession:	Politician

About

Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United States from 2006 to 2014. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave.

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