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Central Bank Quotes
Central Bank Quotes
A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
Ron Paul
Capitalism
Money
Creation
Savings
System
Determined
Rates
Voluntary
Sound
Contracts
Bank
Fiat
Central
Interest
Central Bank
Interest Rates
Manipulated
Credit
Bitcoin's revolution: an impossible-to-counterfeit digital store of value that can be used as money, that has no sovereign, or central bank involved, that can be sent anywhere instantly at virtually no cost, is irresistible. Anyone who uses it is converted.
Max Keiser
Money
Bitcoin
Digital
Value
Revolution
Virtually
Cost
Instantly
Involved
Sovereign
Bank
Irresistible
Store
Anyone
Anywhere
Central
Central Bank
Converted
Sent
Used
Who
Uses
It is the central bank governor, unlike other regulators or government secretaries, who has command over significant policy levers and has to occasionally disagree with the most powerful people in the country.
Raghuram Rajan
Government
People
Disagree
Country
Other
Unlike
Secretaries
Significant
Powerful
Over
Powerful People
Most
Most Powerful
Occasionally
Policy
Command
Governor
Bank
Central
Central Bank
Who
The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
Abdul Aziz Al Ghurair
Peace
Quality
Mind
Peace Of Mind
Way
High
Securities
Window
Emergency
Absence
Gives
Facility
High-Quality
Tend
Could
Permanent
Discount
Go
Very
Liquidity
Managing
Bank
Expensive
Where
Banks
Central
Cushion
Central Bank
Should
Requirements
Keep
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
Time
Will
Other
Seeing
More
More And More
Environment
Over
Economy
Dead
Industry
Coming
Were
Hand
Bank
Banking
Central
Central Bank
Region
Then
Choke
Regulation
The job of the Central Bank is to worry.
Alice Rivlin
Finance
Job
Worry
Bank
Central
Central Bank
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Ben Bernanke
History
Financial
Smart
Side
Market
Collapse
Sector
Economy
Protect
Proves
Effects
Stock
Stock Market
Bank
Central
Central Bank
The central bank needs to be able to make policy without short term political concerns.
Ben Bernanke
Needs
Political
Able
Term
Make
Concerns
Policy
Without
Bank
Short
Central
Short-Term
Central Bank
Most of the policies that support robust economic growth in the long run are outside the province of the central bank.
Ben Bernanke
Long
Run
Economic
Economic Growth
Long Run
Outside
Support
Most
Policies
Robust
Province
Bank
Central
Central Bank
Growth
We've delegated politics to bankers. The European Central Bank is inside Deutsche Bank, and Deutsche Bank is inside the Bundesbank.
Beppe Grillo
Politics
Inside
Bank
Bankers
Central
Central Bank
European
As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.
Elvira Nabiullina
Own
Think
Minister
About
Economic
Through
Economic Growth
Economy
Also
Instruments
Bank
Central
Former
Central Bank
Should
Growth
It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that.
G. Edward Griffin
Money
Become
Possible
Ability
Direct
Without
Makes
Method
Accomplishing
Governments
Modern
Bank
Modern Warfare
Central
Central Bank
Warfare
Taxation
Acquire
Preferred
A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.
Janet Yellen
Inflation
Responsibility
Control
Group
Increase
Broad
Rate
Crucial
Prices
Goods
Any
Bank
Central
Central Bank
Average
Services
A digital currency issued by a central bank would be a global target for cyber attacks, cyber counterfeiting, and cyber theft.
Jerome Powell
Digital
Would
Would-Be
Attacks
Global
Target
Currency
Bank
Central
Central Bank
Theft
Cyber
A Central Bank official said that Q-coin did not affect the renminbi; it adds vibrancy to the economy.
Ma Huateng
Adds
Economy
Said
Affect
Did
Official
Bank
Central
Central Bank
The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.
Murray Rothbard
Rose
State
Top
States
Further
Insisting
Impelled
Thus
Toward
Coupled
Operations
Expansion
Bank
Banks
Central
Central Bank
Payment
United
United States
Spectacular
Enlargement
Second
Number
Incorporated
We are on a crazy strategy with our central bank. It's good to have alternative ecosystems. It's not that the dollar will go away, but we need other options if it crashes or wildly inflates.
Patrick M. Byrne
Good
Crazy
Will
Go Away
Strategy
Other
Our
Wildly
Ecosystems
Alternative
Go
Dollar
Options
Bank
Crashes
Central
Central Bank
Away
Need
I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.
Robert J. Shiller
Wisdom
People
Try
Inflation
Think
Adjust
Rates
Risk
Rely
Allow
Bank
Just
Being
Central
Interest
Central Bank
Interest Rates
Avoid
Exposed
Need
The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.
Robert Zoellick
Relationship
Independence
Congress
Alexander
Earned
Took
States
Federal
Federal Reserve
Had
Over
Since
Until
Hamilton
Years
Up
Uneasy
Effort
Bank
Bankers
Banks
Central
Central Bank
Reserve
United
United States
Set
There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply.
Steve Hanke
Money
Changes
Potential
Supply
Between
Policy
Always
Foreign
Link
Discretionary
Bank
Break
Central
Central Bank
Engage
Reserves
Monetary
Monetary Policy
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Toshihiko Fukui
Perception
Deflation
Rates
General
Spite
Bound
Policy
However
Bank
Cannot
Central
Interest
Central Bank
Interest Rates
Lower
Should
Avert
Monetary
Zero
Monetary Policy
Below
Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.
Urjit Patel
Rate
Determines
Rates
Only
Policy
Course
Overnight
Continuum
Bank
Central
Interest
Central Bank
Interest Rates
Transmission
Whole
Monetary
Monetary Policy
The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... the European Central Bank has only the first. It has no commitment to keep employment up.
Noam Chomsky
Commitment
Inflation
First
Too
High
Only
Prevent
Federal
Federal Reserve
Maintain
Employment
Policies
Up
Official
Getting
Bank
Different
Central
Central Bank
European
Reserve
Keep
Second
Two
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