A Quote by Ben Bernanke
The actions taken by central banks and other authorities to stabilize a panic in the short run can work against stability in the long run if investors and firms infer from those actions that they will never bear the full consequences of excessive risk-taking.
Related Quotes
That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In principle the government is supposed to make regulations that help the economy over time. But once it's taken over by the financial sector, the government lives in the short run too.
Actions have consequences. Ignorance about the nature of those actions does not free a person from responsibility for the consequences. (28)
A technological advance of a major sort almost always is overestimated in the short run for its consequences - and underestimated in the long run.
Words and ideas work in the short run to get you through school and to impress educators and employers. But they do not work in the long run or in the deep run. We soon find ourselves separate and without wonder.
An idealist believes the short run doesn't count. A cynic believes the long run doesn't matter. A realist believes that what is done or left undone in the short run determines the long run.
My actions are my only true belongings. I cannot escape the consequences of my actions. My actions are the ground on which I stand.
Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.
We could have saved Wall Street without putting our future in jeopardy. I predicted that there would be all-around consequences - in the long run as well as in the short run. People are now saying we can't afford health care reform because we spent all the money on the banks. So, in effect, we're saying that it's better that we give rich bankers a couple of trillion than giving ordinary Americans access to health care.
Trees and clean energy [are] the long-run solution but we have no time to wait for the long run. We need a short-run solution now, and one that encourages and facilitates the transition to the long-run solution.
I am the owner of my actions, heir to my actions, born of my actions, related through my actions, and have my actions as my arbitrator. Whatever I do, for good or for evil, to that I will fall heir.
Anybody that has had a brush with what feels like undiluted evil often ends up asking themselves the same questions - whether it's something that was a consequence of their own actions or actions that were taken against them or actions that they were caught up in.
I think the actions taken by the (rate-setting) Federal Open Market Committee have been the appropriate actions. And I assume we will continue to take the appropriate actions, depending on what is happening with the data and the dynamics of the economy
True Shandeism, think what you will against it, opens the heart and lungs, and like all those affections which partake of its nature, it forces the blood and other vital fluids of the body to run freely thro' its channels, and makes the wheel of life run long and chearfully round.
In the short-run, the market is a voting
machine - reflecting a voter-registration test that requires only
money, not intelligence or emotional stability - but in the long-
run, the market is a weighing machine.
The surest way to identify those who won't succeed at weight loss is that they tend to say things like "My goal is to lose ten pounds." Weight targets often work in the short run. But if you need willpower to keep the weight off, you're doomed in the long run. The only way to succeed in the long run is by using a system that bypasses your need for willpower.
The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.
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