Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 7 quotes about Central Banking that I liked and saved from various books. I hope you enjoy reading them.
Central Banking Quotes
Governments and central banks will promise you this, and promise you that. But the only promise they can deliver on is the only promise they never say out loud: They will inflate the currency supply, and your currency will continue to lose value.
from Guide to Investing in Gold & Silver book by Michael Maloney
The problem isn’t with the choices made by central bankers. The problem is that they possess the power to make any choice at all.
from End the Fed book by Ron Paul
Paper money, politicians, and central banks always fail the test of time.
from End the Fed book by Ron Paul
For generations, we have been brainwashed about the necessity of having a central bank to give us a currency that is elastic. We accept a rather bizarre idea with little question. Think about this seriously: if you need money, stretch it; that is, just print more of it. It’s as if we still believe that money can be grown on trees, and we don’t stop to realize that if it did grow on trees, it would take on the value of leaves in the fall, to be either mulched or bagged and put in a landfill.
from End the Fed book by Ron Paul
I believe central bankers are always looking at the price of gold, because they know what many of us know: in the long term, the best gauge for the soundness of a currency is the gold price.
from End the Fed book by Ron Paul
Central bankers control the price of money and therefore indirectly influence every market in the world. Given this immense power, the ideal central banker would be humble, cautious, and deferential to market signals. Instead, modern central bankers are both bold and arrogant in their efforts to bend markets to their will.
from The Death of Money book by James Rickards
Central banks act like a nine-year-old-boy who sees fifty dollars in his mom’s wallet and steals one dollar thinking she won’t notice. The boy knows that if he takes twenty, Mom will notice, and he will be punished. Inflation of 3 percent per year is barely noticed, but if it persists for twenty years, it cuts the value of the national debt almost in half. This kind of slow, steady inflation is the central banks’ goal.
from The Death of Money book by James Rickards