Finance, Ben Bernanke

We're not paying any attention to election calendars or political debates. We're looking at the economy. We want to make the right decision. We want to do it without political pressure, and that's what we're going to do.

- Ben Bernanke, in an interview with ABC's Diane Sawyer on "World News," 03/27/2012

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ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy

Nerd, Ben Bernanke

I am very proud of my nerd-dom. In fact, the world needs more nerds. Nerds, you know, create more jobs and advance science and I hope make good economic policy but that remains to be seen.

- Ben Bernanke, after he was asked if he took offense at the title, in an interview with ABC's Diane Sawyer on "World News," 03/27/2012

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ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy

Nerd, Ben Bernanke, 괴짜, 벤 버냉키

Finance, Ben Bernanke

And so yeah, I'm sleeping a little better, but again, I think it's really important not to be complacent. We have a long way to go, a lot of work to do, and we're going to keep doing that.

- Ben Bernanke, ABC News interview, 03/27/2012

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ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy

Economy, Ben Bernanke

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

- Ben Bernanke, Speech given on Apr. 7, 2010 to the Dallas Regional Chamber of Commerce, "Economic Challenges: Past, Present and Future"

대규모 불안정한 재정 적자를 피하기 위해서는 정부는 궁극적으로 높은 세금, 사회보장과 보건 같은 복지 프로그램의 조정, 교육에서 국방까지 모든 분야에서 지출 삭감을 선택 하거나, 아니면 위에 언급한 것들을 같이 사용해야 합니다.

- 벤 버냉키

Finance·Money, Ben Bernanke

The Fed has the authority to buy foreign government debt ... this class of assets offers huge scope for Fed operations because the quantity of foreign assets eligible for purchase by the Fed is several times the stock of U.S. government debt.

- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002

Bernanke doctrine (6) Execute a de facto depreciation by buying foreign currencies on a massive scale.

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http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html

Finance·Money, Ben Bernanke

This devaluation and the rapid increase in money supply ... ended the U.S. deflation remarkably quickly.

- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002

Bernanke doctrine (5) Depreciate the U.S. dollar. Referring to U.S Monetary Policy in the 1930s under Franklin Roosevelt, he states that.

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http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html

Finance·Money, Ben Bernanke

A central bank should always be able to generate inflation, even when the short-term nominal interest rate is zero ...[this] more direct method, which I personally prefer, would be for the Fed to announce ceilings for yields on all longer-maturity Treasury debt.

- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002

Bernanke doctrine (3) Lower interest rates – all the way down to 0 per cent.

Bernanke observed that people have traditionally thought that, when the funds rate hits zero, the Federal Reserve will have run out of ammunition. However, by imposing yields paid by long-term Treasury Bonds.

He noted that Fed had successfully engaged in "bond-price pegging" following the Second World War.

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http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html

Finance·Money, Ben Bernanke

The U.S. government is not going to print money and distribute it willy-nilly ... although there are policies that approximate this behavior.

- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002

Bernanke doctrine (2) Ensure liquidity makes its way into the financial system through a variety of measures.

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http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html

Finance·Money, Ben Bernanke

Under a paper-money system, a determined government can always generate higher spending and, hence, positive inflation.

- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002

Bernanke doctrine (1) Increase the money supply (M1 and M2).

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http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html

Finance·Money, Ben Bernanke

The U.S. government has a technology, called a printing press, that allows it to produce as many U.S. dollars as it wishes at no cost.

- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002

Bernanke doctrine (1) Increase the money supply (M1 and M2).

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http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html

Economy, Ben Bernanke

A money-financed tax cut is essentially equivalent to Milton Friedman's famous "helicopter drop" of money.

- Ben Bernanke, [Remarks by Governor Ben S. Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002]