A. Burns, Fed Chairman before President Carter appointed Volcker, spoke of an earlier period; yet why do his words apply to any period?
"And yet, despite their antipathy to inflation and the powerful weapons they could wield against it, central bankers have failed so utterly in this mission in recent years. In this paradox lies the anguish of central banking.”
This problem will always be with us because the first responsibility of the Fed is seen and defended as one of act…
See more
Nenhum comentário:
Postar um comentário