Perhaps the most common refrain heard with regard to our current economic situation, and why it won’t become a Depression, is that we as a nation have been proactive and aggressive in “managing” this period of economic weakness. This theory, more or less, has the following generalized (and summarized) structure: There has been rigorous research conducted on the … Read more Are We Avoiding a Depression?
For those who didn’t read Ben Bernanke’s Commencement Address to The Boston College School of Law on May 22, I would like to highlight a few passages. I found the passages below informative and telling; I will let them speak for themselves, and might refer back to them in future posts. The entire speech can be … Read more Ben Bernanke – Notable Speech Passages
I will comment frequently on Ben Bernanke, due to his position, but perhaps more importantly, because of his stated theories, beliefs, and ideologies. It seems to me that the handling of The Financial Crisis certainly has the “fingerprints” of Ben Bernanke all over it. In fact, I believe that perhaps no other person’s ideologies have ever played … Read more In Ben We Trust?
Ben Bernanke testified before a House committee on June 3. Although it doesn’t appear as if he said anything new or different from his previous public statements, I found one statement to be significant. It is bolded below: “We continue to expect overall economic activity to bottom out, and then to turn up later this … Read more Bernanke’s June 3 testimony
I saw this quote in Charles Schwab’s “On Investing” magazine, Summer 2009 page 6. It is attributed to Ben Bernanke: “Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.” I’m not trying to single out Ben Bernanke with regard to … Read more Ben Bernanke quote