In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Ben BernankeRead
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.
Interpretation
What this quote means
The U.S. economy is resilient and adapts to various challenges while continuing to grow.
Ben Bernanke's quote highlights the strength and adaptability of the U.S. economy in facing numerous challenges over the years. He emphasizes that this resilience is due to flexible markets, a strong entrepreneurial spirit, and an openness to technological advancements and economic changes, which collectively enable the economy to recover and thrive despite adversities.
Themes
EconomyResilienceGrowthChangeAdaptability
In practice
Example use cases
In a speech about economic recovery, mentioning this quote can illustrate the strength of the U.S. economy.
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