Finance Quotes on Central Bank

It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

- Henry Ford - Topics: Central Bank, Banking System, Fiat Currency.

Are you joking, having faith in the U.S. administration. I wonder who in the world would have a faith in the U.S. administration. For sure not someone who thinks.

- Marc Faber - Topics: Central Bank, Government, Monetary Policy.

Bad money drives out good.

- Thomas Gresham - Topics: Central Bank, Fiat Currency, Inflation, Monetary Policy, Money.

How long can a central bank continue an inflation? Probably as long as people are convinced that the government, sooner or later, but certainly not too late, will stop printing money and thereby stop decreasing the value of each unit of money. When people no longer believe this, when they realize that the government will go on and on without any intention of stopping, then they begin to understand that prices tomorrow will be higher than they are today. Then they begin buying at any price, causing prices to go up to such heights that the monetary system breaks down.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Fiat Currency, Central Bank.

In the long run, inflation comes to an end with the breakdown of the currency.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Debt, Central Bank.

I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.

- Friedrich A. Hayek - Topics: Money, Inflation, Government, Fiat Currency, Cryptocurrency, Central Bank, Bitcoin, Banking System.

The balance sheet of the euro system, isn't only gigantic in size but also shocking in quality.

- Alexander Elder - Topics: Fiat Currency, Debt, Central Bank.

Contrary to most experts, including Bernanke, the more aggressive the Fed's policies are, the worse the economy is going to be. If all that is required to revive the economy is pushing more money, then all third-world economies would be very wealthy by now.

- Frank Shostak - Topics: Monetary Policy, Inflation, Economist, Central Bank.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

- James A. Garfield - Topics: Money, Monetary Policy, Central Bank.

Not to own any gold is to trust central bankers and that you don't want to do in your life.

- Marc Faber - Topics: Monetary Policy, Gold, Central Bank.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

- Marc Faber - Topics: Money, Monetary Policy, Inflation, Central Bank.

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