Under a paper-money system, a determined government can always generate higher spending and hence positive inflation,
More Quotes from Ben Bernanke:
If I am confirmed, I will be strictly independent of all political influences and will be guided solely by the Federal Reserve's mandate from Congress and by the public interest,Ben Bernanke
This necessary spending should not, however, jeopardize the president' long-term deficit-reduction goals.
Ben Bernanke
I will make continuity with the policies and policy strategies of the Greenspan Fed a top priority,
Ben Bernanke
Doing this well requires a deep knowledge of the data mixed with a goodly dose of economic theory and economic judgment, ... Greenspan is, of course, a master.
Ben Bernanke
In the absence of a shift in market perceptions of the relative attractiveness of U. S. and foreign assets, government policies would likely have only limited effects on the trade balance.
Ben Bernanke
Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support.
Ben Bernanke
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