We want to have market discipline. We want to lenders to, large firms to believe that they can fail and therefore to take due care to make sure that the firms they are lending to are not taking excessive risks.
Bernanke advocates for market discipline to prevent excessive risk-taking.
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Nothing is more important for restoring economic growth than improving public health.
It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, and it is to an extent hurting our recovery.
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