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Ben Bernanke Quotes: People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.
         

People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.


Ben Bernanke
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People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.
         



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Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.



It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.



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 as it wishes at essentially no cost.

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The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

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Monetary policy is not a panacea.



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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



If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.



Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.



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.

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.



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If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.





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Quote Description


This page presents the quote "People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.". Author of this quote is Ben Bernanke. This quote is about morality, depression, people,.