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 BernankeRead
29 quotes
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.
Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.
There are limits to monetary policy.
I don't think there are any students who should not be exposed to a basic financial literacy course.
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.
Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
How much would you pay to avoid a second Depression?
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