Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933. Ben Bernanke 1930scrisisdepression share on social
Small businesses have played an important role in fueling past economic recoveries. Ben Bernanke businesseconomicfueling Change image and share on social
Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers. Ben Bernanke apparentlybanebanker Change image and share on social
Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes. Ben Bernanke budgeteeducationemergency share on social
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest. Ben Bernanke cashchoosecreditor Change image and share on social
The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it. Ben Bernanke addressconfidencefinancial Change image and share on social
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict. Ben Bernanke broadcausalcomplex share on social
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis. Ben Bernanke crisiseconomicfinancial Change image and share on social
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest. Ben Bernanke closecodecorporate share on social
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable. Ben Bernanke agreementareacontroversy Change image and share on social