Quotes About Central Banking

#1. The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.

Ben Bernanke

#2. Central banking has become the new central planning. Under the old central planning, government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit.

Anonymous

#3. Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.

Ben Bernanke

#4. It is no coincidence that the century of total war coincided with the century of central banking.

Ron Paul

#5. War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.

Murray Rothbard

#6. Some people charge that Obama is a socialist. He isn't a socialist in the precise sense of the word. He supports corporate medicine, central banking and international banking elites, the military-industrial complex, and, with great exuberance, the surveillance-industrial complex.

Ron Paul

#7. In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.

John Kenneth Galbraith

#8. Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.

George Soros

#9. There have been three great inventions since the beginning of time: fire, the wheel, and central banking.

Will Rogers

#10. Refuting the false promises requires philosophic understanding of economic interventionism, central banking, and the deeply flawed foreign policy of meddling in the affairs of other nations.

Ron Paul

#11. Can you believe that? She says I'm not leader enough for her. Who was she looking for ... Hitler?

Woody Allen

#12. Each central banksought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.

Carroll Quigley

#13. Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.

Ben Bernanke

#14. As to who among us is a ghost and who not I have nothing to say: it is a question we can only stare at in silence, like a bird before a snake, hoping it will not swallow us.

J.M. Coetzee

#15. Monetary policy does not work like a scalpel but more like a sledgehammer.

Liaquat Ahamed

#16. What is with you and faces?" Qibli said. "You should try threatening someone's elbows or ankles once in a while, just for a change of pace.

Tui T. Sutherland

#17. Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.

Llewellyn Rockwell

#18. When does someone love you enough to put you before himself? Had I done so with Michiko?

Deborah Baldwin

#19. In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.

Abdul Aziz Al Ghurair

#20. I've decided to tell my kids things like: 'I love the way each of you tilted back your heads when you laughed.' I will give them specific stuff they can grasp.

Randy Pausch