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Central Banks Quotes
![My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive Picture Quote #1](https://img.picturequotes.com/2/812/811900/811900.webp "My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive Picture Quote #1")
![[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower Picture Quote #1](https://img.picturequotes.com/2/910/909518/909518.webp "[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower Picture Quote #1")
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Insanity has infected all the central banks of the world (Central Banks Quotes)
My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive (Central Banks Quotes)
Central banks need to be able to buy bonds if there are short-term malfunctions of the markets. But buying bonds without differentiation and without limits would be very problematic. (Central Banks Quotes)
In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded as the establishment - the world’s largest retailer of foreign currency. (Central Banks Quotes)
I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. (Central Banks Quotes)
[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower. (Central Banks Quotes)
As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit market functioning, including the establishment of a number of emergency lending facilities and the creation or extension of currency swap agreements with 14 central banks around the world. (Central Banks Quotes)
Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension. (Central Banks Quotes)
Quantitatve easing is NOT going away. Every major country is running a deficit. If they are all net borrowers then who is the lender? The central banks. For this reason ” QE is not going away for a long time. (Central Banks Quotes)
After a long period in which the desired direction for inflation was always downward, the industrialized world’s central banks must today try to avoid major changes in the inflation rate in either direction. (Central Banks Quotes)
The central banks cannot control interest rates. That’s a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can’t control interest rates. (Central Banks Quotes)
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used. (Central Banks Quotes)
Japan’s experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years. (Central Banks Quotes)
The world changes! So we’re in a situation today where the only policymakers that have flexibility are central banks. But they don’t have the instruments! So they’ve had to experiment, and the more you experiment, the more uncertainty and the higher the risk of collateral damage (Central Banks Quotes)
The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it’s easier for the central bank to guard its independence from political pressure when it mainly holds government securities (Central Banks Quotes)
There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long (Central Banks Quotes)
In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months (Central Banks Quotes)
The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers’ cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency (Central Banks Quotes)
It is clear to me that the financial sector, including CNBC, loves central banks (Central Banks Quotes)
The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy (Central Banks Quotes)
The world’s central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real (Central Banks Quotes)
The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences (Central Banks 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 (Central Banks Quotes)
Central banks stand ready to lease gold in increasing quantities should the price rise (Central Banks Quotes)
Japan’s experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years (Central Banks Quotes)
The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike (Central Banks Quotes)
Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates (Central Banks Quotes)
Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks (Central Banks Quotes)
Central banks don’t have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis (Central Banks Quotes)
If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it (Central Banks Quotes)
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