by Ralph Benko | Mar 26, 2013 | Uncategorized
Originally posted on Tuesday, March 26, 2013 Share On March 14, 2013, potentially transformational legislation was introduced in the United States House of Representatives “To establish a commission to examine the United States monetary policy, evaluate...
by Ralph Benko | Mar 21, 2013 | Uncategorized
Originally posted on Thursday, March 21st, 2013 “Interwar-era Bank of England Governor Montagu Norman used to dream that the BIS would one day foster a core of central bankers entirely autonomous of governments.” — The Confidence Game Journalist...
by Ralph Benko | Mar 19, 2013 | Uncategorized
Originally posted on Tuesday, March 19, 2013 Share “Don’t be a schmuck. Don’t fall for fantastical notions that have nothing to do with the way people really are.” — Richard Fisher, quoting David Brooks Richard Fisher, President and CEO of the Federal Reserve...
by Ralph Benko | Mar 14, 2013 | Uncategorized
Originally posted on Thursday, March 14, 2013 Share A picturesque byway of human history involves the long, intricate, and convoluted efforts by savants to turn base metals into gold. These savants were called alchemists. Alchemy bears a similar relationship to...
by Ralph Benko | Mar 12, 2013 | Uncategorized
Originally posted on Tuesday, March 12th, 2013 Monetary policy has become a “rule of men and not of law.” There is no “golden rule” that, classically and, according to then-governor Ben Bernanke, in a 2004 speech at Washington and Lee...
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