The best solution to income inequality is providing a high-quality education for everybody. In our highly technological, globalized economy, people without education will not be able to improve their economic situation.
From Ben Bernanke
China is growing very quickly and is clearly becoming an important player in the world economy.
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
The Fed's independence is critical.
Long term, I have a lot of confidence in the United States. We have an excellent record in terms of innovation. We have great universities that are involved in technological change and progress. We have an entrepreneurial culture, much more than almost any other country.
To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
Actually, I'm a Republican.
In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.
If you take a candy bar in the short run, it gives you a burst of energy, but after a while, it just makes you fat.
Interest rates are used to achieve overall economic stability.
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