Ben Bernanke Quotes
It is difficult to change the rules in the middle of a crisis.
Ben Bernanke, Chairman, Federal Reserve Board, Comment on a proposal to change the accounting regulatory rules in the midst of the sub prime mortgage induced economic crisis, Testimony, Senate Banking Committee, February 28, 2008
Sourced by: Eigen's Political and Historical Quotations
Patton distrusted planners although he required his staff to create endless plans for almost every possible contingency. His difficulty with “ planners” was that would change modify or replace a plan the instant conditions on the ground did not follow the assumptions of the plan.
While Abraham Lincoln set the precedent for independent Presidential action in a national political crises without much reliance on Congress, this was where Roosevelt established the precedent of unilateral action in financial crises.
The earliest expression of this idea was by the British Economist John Maynard Keynes -- Quotation {610150}
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.
