“Building a rainy-day fund during good times may not be politically pop...” — Ben Bernanke Quote

“Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.”

“Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'”

“To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability.”

“You don't know if the bad times are going to last for another five or 10 years. The same goes for the good years.”

“My family's always there for me in the good times and the bad times.”

“The only way to get to that next peak is to be ready for that next valley. Being raised Irish, you know to always be ready for the bad times.”