Recent quotes:

The Current State of the Secular Stagnation-Savings Glut Debate - Washington Center for Equitable Growth

Very good points from Ryan Avent, Matt O’Brien, Larry Summers, Paul Krugman, and Ben Bernanke. And rereading all these has convinced me of one additional thing: with the North Atlantic plus Japan as a group clearly in a situation in which the Wicksellian natural rate of short-term safe nominal interest is less than zero, how could it ever be part of an optimal policy for the U.S. to raise its short-term safe nominal interest rates above the zero lower bound?
#Ben-Bernanke - equitablegrowth.org

Morning Must-Read: Ben Bernanke: Should monetary policy take into account risks to financial stability? - Washington Center for Equitable Growth

In light of our recent experience, threats to financial stability must be taken extremely seriously… …However, as a means of addressing those threats, monetary policy is far from ideal…. It is a blunt tool… can only do so much… [if] diverted to the task of reducing risks to financial stability… not available to help the Fed attain… full employment and price stability…. It’s better to rely on targeted measures to promote financial stability, such as financial regulation and supervision, rather than on monetary policy…
#Ben-Bernanke - equitablegrowth.org