On the recordFebruary 23, 2009
I think a complete recovery would require a global recovery and that would require----
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congress.govI think a complete recovery would require a global recovery and that would require----
Bernanke emphasizes the need for global recovery for complete financial recovery.
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Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.
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undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
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