Ben Bernanke said...

Monetization would involve a permanent increase in the money supply to basically pay the government's bills through money creation.

Bernanke distinguishes between debt monetization and temporary measures taken by the Fed.

02/08/2011

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You have to have long-term structural changes in the entitlement programs.

We can't defund the police. We need police, but there are concerns about police community relations and police behavior.

We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.

I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the lo...