"There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse."
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Original Language: English
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Ben Bernanke "A Crash Course for Central Bankers," Foreign Policy (September/October 2000).
https://en.wikiquote.org/wiki/Economic_growth
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Economic growth
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