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Central Bank Quotes by inspirational people in the fields of business, finance, politics and motivation. Includes quotes about Central Banks, the Federal Reserve, public finances, and reserve banking institutions.

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There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, 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 - Problems - Economy - Finance - Stock Market


Almost everybody I know who has any kind of financial savvy or experience is terrified by the consequences of never-ending massive deficits, which are being paid for generally by the Federal Reserve purchasing Treasury bonds.
David Koch - Deficit - Debt - Federal Reserve - Finance


A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.
Ian Macfarlane - Banks - Government - Achieve

Most of us at the Reserve Bank come from a background in economics and hence have a predisposition in favour of free markets and a sceptical attitude towards intervention in those markets unless there is a clearly defined economic rationale for it.
Ian Macfarlane - Banks - Economy - Free - Attitude


First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. (Ron Paul talking about why the Federal Reserve shouldn't exist)
Ron Paul - Federal Reserve - Economy - Money - Secretive - Value - Constitution - Illegal - Counterfeit - Destructive


What's happening is, there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When y
ou inflate a currency or destroy a currency, the middle class gets wiped out. So the people who get to use the money first which is created by the Federal Reserve system benefit. So the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.
Ron Paul - Federal Reserve - Economy - Money - Banks - Currency - Wealth - Middle Class - Poor - Inflation - Billionaire - Wall Street

Capitalism should not be condemned, since we haven’t had capitalism. 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. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!
Ron Paul - Federal Reserve - Government - Military Industrial Complex - Economy - Banks - Welfare - Monetary Policy - Capitalism - Fiat Money - Interest Rates - Protectionism - Taxes - Investment - Farming - Education - Insurance


Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
Murray Rothbard - Fraud - Inflation -
America - Federal Reserve - Money - Banks - Central Bank - Fiat Money

At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
Murray Rothbard - Federal Reserve - Central Bank -
Money - Banks - Power - Fiat Money

Governments have persistently tried their best to promote, encourage, and expand the circulation of bank and government paper, and to discourage the people’s use of gold itself.
Murray Rothbard - Money - Government -
Banks - Central Bank - Gold - Encouragement - Currency - Fiat Money - Manipulation

By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.
George Soros - Europe - Economy - Banks - Bonds - Currency

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