Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.' Ben Bernanke allocationdefinitiondescribe Change image and share on social
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 backbadlychance Change image and share on social
Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional. Ben Bernanke arriveeconomicforecast Change image and share on social
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. Ben Bernanke 1990samericanconcern share on social
Deflation is defined as a general decline in prices, with emphasis on the word 'general.' Ben Bernanke declinedefinedeflation Change image and share on social
Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category. Ben Bernanke academicbehaviorcategory share on social
Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities. Ben Bernanke activitybankbankrupt Change image and share on social
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 led to sharp declines in the values of many homes and businesses. Ben Bernanke businesscrisisdecline share on social
Fostering transparency and accountability at the Federal Reserve was one of my principal objectives when I became Chairman in February 2006. Ben Bernanke accountabilitychairmanfebruary Change image and share on social
High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability. Ben Bernanke civicfostergraduation Change image and share on social
