Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money. - Ben Bernanke
A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.
- Ben Bernanke
The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and le… - Ben Bernanke
The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and le…
The Federal Reserve is not currently forecasting a recession. - Ben Bernanke
The Federal Reserve is not currently forecasting a recession.
September and October of 2008 was the worst financial crisis in global history, including the Great Depression. - Ben Bernanke
September and October of 2008 was the worst financial crisis in global history, including the Great Depression.
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, par… - Ben Bernanke
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, par…
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and th… - Ben Bernanke
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and th…
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again. - Ben Bernanke
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars … - Ben Bernanke
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars …
I'd throw dollars out of helicopters if I had to, to stimulate the economy. - Ben Bernanke
I'd throw dollars out of helicopters if I had to, to stimulate the economy.
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