Ben Bernanke

No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest. ”

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and led to sharp declines in the values of many homes and businesses. ”

There will not be an automatic increase in interest rate when unemployment hits 6.5%. ”

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels. ”

Interest rates are used to achieve overall economic stability. ”

I don't think there are any students who should not be exposed to a basic financial literacy course. ”

There are limits to monetary policy. ”

Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs. ”

Different countries have different kinds of financial structures. ”

Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules. ”