On the recordFebruary 24, 2010
I think heading toward a 100 percent debt-to-GDP ratio would be very undesirable, particularly given the aging of our society and those obligations we are facing longer term.
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congress.govI think heading toward a 100 percent debt-to-GDP ratio would be very undesirable, particularly given the aging of our society and those obligations we are facing longer term.
Bernanke warns against high debt-to-GDP ratios due to aging society obligations.
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the unemployment rate right now is not a very good measure by itself of the economy.
As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.
undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems