{"id":16143,"date":"2018-03-10T05:07:08","date_gmt":"2018-03-10T05:07:08","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16143"},"modified":"2018-03-10T05:07:08","modified_gmt":"2018-03-10T05:07:08","slug":"ben-bernanke-were-very-sorry-we-wont-do-it-again","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/03\/10\/ben-bernanke-were-very-sorry-we-wont-do-it-again\/","title":{"rendered":"Ben Bernanke: We&#8217;re very sorry&#8230;. we won&#8217;t do it again"},"content":{"rendered":"<p>&#8230;.I would like to say to Milton and Anna: Regarding the Great Depression. You&#8217;re right, we did it. We&#8217;re very sorry. But thanks to you, we won&#8217;t do it again.<\/p>\n<p>~  <a href=\"https:\/\/www.federalreserve.gov\/boarddocs\/Speeches\/2002\/20021108\/default.htm\">Remarks by Governor Ben S. Bernanke<\/a><br \/>\nAt the Conference to Honor Milton Friedman on his Ninetieth Birthday, University of Chicago, Chicago, Illinois<br \/>\nNovember 8, 2002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;.I would like to say to Milton and Anna: Regarding the Great Depression. You&#8217;re right, we did it. We&#8217;re very sorry. But thanks to you, we won&#8217;t do it again. ~ Remarks by Governor Ben S. Bernanke At the Conference to Honor Milton Friedman on his Ninetieth Birthday, University of Chicago, Chicago, Illinois November 8, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/03\/10\/ben-bernanke-were-very-sorry-we-wont-do-it-again\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ben Bernanke: We&#8217;re very sorry&#8230;. we won&#8217;t do it again&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,49],"tags":[413,1612,2319,3381],"class_list":["post-16143","post","type-post","status-publish","format-quote","hentry","category-the-fed-banks-interest-rates","category-economic-theory","tag-ben-bernanke","tag-great-depression","tag-milton-friedman","tag-the-fed","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ben Bernanke: We&#039;re very sorry.... we won&#039;t do it again - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ben Bernanke: We&#039;re very sorry.... we won&#039;t do it again - the patient investor\" \/>\n<meta property=\"og:description\" content=\"&#8230;.I would like to say to Milton and Anna: Regarding the Great Depression. You&#8217;re right, we did it. We&#8217;re very sorry. But thanks to you, we won&#8217;t do it again. ~ Remarks by Governor Ben S. Bernanke At the Conference to Honor Milton Friedman on his Ninetieth Birthday, University of Chicago, Chicago, Illinois November 8, &hellip; Continue reading &quot;Ben Bernanke: We&#8217;re very sorry&#8230;. we won&#8217;t do it again&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2018\/03\/10\/ben-bernanke-were-very-sorry-we-wont-do-it-again\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-10T05:07:08+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Ben Bernanke: We&#8217;re very sorry&#8230;. we won&#8217;t do it again\",\"datePublished\":\"2018-03-10T05:07:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"Ben Bernanke\",\"Great Depression\",\"Milton Friedman\",\"The Fed\"],\"articleSection\":[\"Banks &amp; Interest Rates\",\"Economic Theory\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/\",\"name\":\"Ben Bernanke: We're very sorry.... we won't do it again - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2018-03-10T05:07:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2018\\\/03\\\/10\\\/ben-bernanke-were-very-sorry-we-wont-do-it-again\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ben Bernanke: We&#8217;re very sorry&#8230;. we won&#8217;t do it again\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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While lengthy [49:93] this superb performance shows one of the great minds of the 20th century at his best.","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/77fdRWpV_-4\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6923,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/08\/milton-friedman-the-free-lunch-myth\/","url_meta":{"origin":16143,"position":1},"title":"Milton Friedman &#8211; The Free Lunch myth [video]","author":"Colin Twiggs","date":"March 8, 2013","format":false,"excerpt":"http:\/\/youtu.be\/YmqoCHR14n8 Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science, was one of the most recognizable and influential proponents of liberty and markets in the 20th century, and the leader of the Chicago School of economics. Here he gives his views on the myth of the free lunch.","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/YmqoCHR14n8\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6917,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/08\/milton-frriedman-importance-of-maintaining-the-foundations-of-freedom\/","url_meta":{"origin":16143,"position":2},"title":"Milton Friedman: The foundations of freedom [video]","author":"Colin Twiggs","date":"March 8, 2013","format":false,"excerpt":"http:\/\/youtu.be\/WC0elAPyXhU Nobel Laureate Dr. Milton Friedman gives his thoughts on the importance of maintaining the foundations of freedom, in 2009.","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/WC0elAPyXhU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7798,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/26\/two-cheers-for-higher-japanese-bond-yields-in-the-spirit-of-milton-friedman-the-market-monetarist\/","url_meta":{"origin":16143,"position":3},"title":"Two cheers for higher Japanese bond yields in the spirit of Milton Friedman | The Market Monetarist","author":"ColinTwiggs","date":"May 26, 2013","format":false,"excerpt":"Market monetarist Lars Christensen gives an insight into rising Japanese (JGB) bond yields: .....the markets do not think that the Japanese government is about to go bankrupt. In fact completely in parallel with the increase in inflation expectations the markets\u2019 perception of the Japanese government\u2019s default risk have decreased significantly.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1397,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/bernanke-hangs-tough-on-financial-reform\/","url_meta":{"origin":16143,"position":4},"title":"Bernanke Hangs Tough on Financial Reform","author":"ColinTwiggs","date":"October 19, 2011","format":false,"excerpt":"\u201cCentral banks certainly did not ignore issues of financial stability in the decades before the recent crisis, but financial stability policy was often viewed as the junior partner to monetary policy,\u201d he [Fed Chairman Ben Bernanke] said. \u201cOne of the most important legacies of the crisis will be the restoration\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34739,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/06\/25\/jay-powell-is-selling-but-the-bond-market-isnt-buying\/","url_meta":{"origin":16143,"position":5},"title":"Jay Powell is selling but the bond market isn&#8217;t buying","author":"Colin Twiggs","date":"June 25, 2022","format":false,"excerpt":"Fed Chairman Jerome Powell declared that the Fed's commitment to taming inflation is \"unconditional\": June 23 (Reuters) - The Federal Reserve's commitment to reining in 40-year-high inflation is \"unconditional,\" Powell told lawmakers on Thursday, even as he acknowledged that sharply higher interest rates may push up unemployment. \"We really need\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Treasury Yield Curve","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-24-yields2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-24-yields2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-24-yields2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-06-24-yields2.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16143"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16143\/revisions"}],"predecessor-version":[{"id":16144,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16143\/revisions\/16144"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}