I don't think there are any students who should not be exposed to a basic financial literacy course. Ben Bernanke More Quotes by Ben Bernanke More Quotes From Ben Bernanke I come from Main Street, from a small town that's really depressed. Ben Bernanke main-streetsmall-towntowns 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 runningmightlong How much would you pay to avoid a second Depression? Ben Bernanke borrowedgreat-depressionpay Not all information is beneficial. Ben Bernanke beneficialinformation 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 recoverylessonslong Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk. Ben Bernanke strongorganizationpractice A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily. Ben Bernanke wallwhitedoe 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 smartgrowthchallenges Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole. Ben Bernanke careersmoneyeducation 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 technologychangeyears 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 growthrunninglong The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions. Ben Bernanke financialactingeurope Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history. Ben Bernanke incentiveshumanitytoday Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. Ben Bernanke cuttingimportantlaw 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 employmentimportantlong If Wall Street crashes, does Main Street follow? Not necessarily. Ben Bernanke crashwalldoe A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encouragement and, probably, income; luckiest in their educational and career opportunities; and luckiest in so many other ways difficult to enumerate - these are the folks who reap the largest rewards. Ben Bernanke educationalencouragementopportunity [Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system. Ben Bernanke innovationlongpromise I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States. Ben Bernanke datacountrythinking The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration. Ben Bernanke adversityusepeople
