Ben Bernanke Quotes
Careful economic analysis does have one important benefit, which is that it can help kill ideas that are completely logically inconsistent or wildly at variance with the data. This insight covers at least 90 percent of proposed economic policies
Ben Bernanke, Chairman, Federal Reserve Bank, Graduation Address, Princeton University, June 2, 2013
Sourced by: Eigen's Political and Historical Quotations
Like many of the leading right wing hawks of his era, he was a hawk who had never served in the military. In addition they accused the lft wing draft dodgers as being unpatriotic.
Prior to Baxter the issues in prosecuting an anti-trust case were whether or not the company met the size or market share criterion for application of the anti-trust law and whether the company had committed any of the prohibited acts. Baxter added another hurdle. Namely, that the prosecution must make economic sense for the company, the consumer and/or the nation. Many illegal, immoral and unfair antitrust practices were not prosecuted if there was no economic benefit to doing so. Critics of the new policy argued that nowhere in the language of the anti-trust legislation that prosecution should not take place in the absence of demonstrable economic benefit.
Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as the 14th Chair of the Federal Reserve, from 2006 to 2014. During his tenure as chair, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chair, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave.
