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Ben Bernanke Quotes: 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.


Ben Bernanke
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"Ben Bernanke Quotes." Quoteslyfe.com, 2024. Thu. 25 Apr. 2024. <https://www.quoteslyfe.com/quote/Economics-is-a-highly-sophisticated-field-of-402685>.





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Other quotes of Ben Bernanke


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.

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.



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

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



Monetary policy is not a panacea.

Monetary policy is not a panacea.



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

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.



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

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



Nobody really understands gold prices and I don't pretend to understand them either.

Nobody really understands gold prices and I don't pretend to understand them either.





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The capacity for friendship is God's way of apologizing for our families.

The capacity for friendship is God's way of apologizing for our families.



Teach me, O Lord, to glory in my cross. Teach me the value of my thorns. Show me how I have climbed to You through my path of pain. Show me that it is through my tears that I have seen rainbows.

Teach me, O Lord, to glory in my cross. Teach me the value of my thorns. Show me how I have climbed to You through my path of pain. Show me that it is through my tears that I have seen rainbows.



All change is not growth as all movement is not forward.

All change is not growth as all movement is not forward.



I have to tell you that June Cleaver had a job in 'The New Leave It to Beaver.' She did. Sure, she was a council woman. She went to work. She wasn't a sit-at-home grandma. She went out, got a job.

I have to tell you that June Cleaver had a job in 'The New Leave It to Beaver.' She did. Sure, she was a council woman. She went to work. She wasn't a sit-at-home grandma. She went out, got a job.



Denzel Washington is someone I look up to.

Denzel Washington is someone I look up to.



I'm going to North Pole to help out Santa this year.

I'm going to North Pole to help out Santa this year.



The best way to know any future is to cause one.

The best way to know any future is to cause one.



Even when it feels as if we are being crushed by earthly troubles, we can remain joyful. If we keep our focus on God, our spirit cannot be trampled.

Even when it feels as if we are being crushed by earthly troubles, we can remain joyful. If we keep our focus on God, our spirit cannot be trampled.



I knelt, and with the fervor of a lip unused to the cool breath of reason, told my love.

I knelt, and with the fervor of a lip unused to the cool breath of reason, told my love.



Macro worries are like sports talk radio. Everyone has a good opinion which probably means that none of them are good.

Macro worries are like sports talk radio. Everyone has a good opinion which probably means that none of them are good.




Quote Description


This page presents the quote "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.". Author of this quote is Ben Bernanke. This quote is about superb, sophisticated, economics, past, future, choices, explaining, made, fields,.