Quotes by Ben Bernanke: The complete collection of over 150 quotes

By: Regan, Lilith

"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. The only way for even a putative meritocracy to hope to pass ethical muster, to be considered fair, is if those who are the luckiest in all of those respects also have the greatest responsibility to work hard, to contribute to the betterment of the world, and to share their luck with others.""If we acted, nobody would thank us. But if we did not act, who would? Making politically unpopular decisions for the long-run benefit of the country is the reason the Fed exists as a politically independent central bank. It was created for precisely this purpose: to do what must be done-what others cannot or will not do.""I had become a Great Depression buff in the way that other people are Civil War buffs, reading not only about the economics of the period but about the politics, sociology, and history as well.""Economists are criticized for not being able to predict the future, but, because the data are incomplete and subject to revision, we cannot even be sure what happened in the recent past. Noisy data make effective policymaking all the more difficult.""They also reminded me of a story Dallas Fed president Richard Fisher included in one of his speeches about the early nineteenth-century French diplomat Talleyrand and his archrival, Prince Metternich of Austria. When Talleyrand died, Metternich was reported to have said, "I wonder what he meant by that?" It seemed that no matter what I said or how plainly I said it, the markets tried to divine some hidden meaning."

• Format: Paperback
• Language: English
• ISBN: B086PPM3V7
• ISBN13: 9798634807188
• Release Date: January 1
• Publisher: Independently Published
• Length: 72 Pages
• Weight: 0.19 lbs.
• Dimensions: 0.2" x 5.0" x 8.0"