Quotes by Ben Bernanke (Public Servant/American).

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The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
• Ben Bernanke
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No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
• Ben Bernanke
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The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects.
• Ben Bernanke
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To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
• Ben Bernanke
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Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
• Ben Bernanke
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In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market.
• Ben Bernanke
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Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets.
• Ben Bernanke
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Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a neighborhood, for example, by leading to increases in vandalism or crime.
• Ben Bernanke
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History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
• Ben Bernanke
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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 Bernanke
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Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
• Ben Bernanke
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The Federal Reserve has never suffered any losses in the course of its normal lending to banks and, now, to primary dealers.
• Ben Bernanke
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After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
• Ben Bernanke
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No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.
• Ben Bernanke
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I got into economics because I wanted to make things better for the average person.
• Ben Bernanke
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In a mature economy like India's, which is becoming modern and a financially-oriented economy, an independent central bank, responsible central bank, is really central to success.
• Ben Bernanke
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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
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Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.
• Ben Bernanke
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I don't know why there aren't more Depression buffs.
• Ben Bernanke
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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 Bernanke
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The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable clothes on purpose is an example of what former Princeton hockey player and Nobel Prize winner Michael Spence taught economists to call 'signaling.'
• Ben Bernanke
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Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels. Homebuilders responded to the fall in demand by sharply curtailing construction.
• Ben Bernanke
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The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.
• Ben Bernanke
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Well, optimism's a good thing. It - makes people go out and - you know, start businesses and spend and do whatever is necessary to get the economy going.
• Ben Bernanke
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A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.
• Ben Bernanke

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