“Basel has several first-rate restaurants, and it may be that in the view of the central-bank delegates this advantage outweighs the travel inconvenience, for central banking -or at least European central banking- has a firmly established association with good living.”

— John Brooks (writer)

Business Adventures: Twelve Classic Tales from the World of Wall Street

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John Brooks (writer) 10

American writer 1920–1993

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

“Nationalisation of the Reichsbank Pub. Ltd. Co., and the central banks.”

Gottfried Feder (1883–1941) German economist and politician

Source: The German State on a National and Socialist Foundation (1923), p. 54

“Economics should be under no illusion that central banking will ever become a science.”

Jürg Niehans (1919–2007) Swiss economist

Source: The theory of money, 1978, p. 296

“I want to make sure you keep your eyes on the ball, that is, the two basic missions of a central bank. The first is maintaining macroeconomic stability: maintaining stable growth and keeping inflation low and stable. The principal policy tool for maintaining macroeconomic stability is monetary policy. In normal times, the Fed and other central banks use open market operations—purchases and sales of securities in markets—to move interest rates up or down, and in doing so try to create a more stable macroeconomic environment.
The second part of a central bank's mission is maintaining financial stability. Central banks are focused on trying to ensure that the financial system functions properly, and in particular, they want to prevent, if possible, and if not, to mitigate the effects of a financial crisis or a financial panic.”

Ben Bernanke (1953) American economist

Lecture 2: The Federal Reserve after World War II
The Federal Reserve and the Financial Crisis (2012)

“The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices… losses in output and employment (and pressure on the European central bank to inflate) will predominate.”

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

“Mr Raghuram Rajan is an outstanding man who understands central banking. He is probably only one in the world among the crowds of professors at central banks that actually has a good grip on monetary policies and what you can or cannot achieve with them. He should get the Noble Prize in economics but the others are all money printers at heart, all of them.”

Raghuram G. Rajan (1963) Indian economist

Marc Faber, economist, as quoted in " Raghuram Rajan only central banker I trust, he should get Nobel in Economics: Marc Faber http://articles.economictimes.indiatimes.com/2015-08-12/news/65490521_1_marc-faber-rbi-governor-boom-doom-report", The Economic Times (12 August 2015)

“Any citizen, with the help of the organ banks, can live as long as it takes his central nervous system to wear out.”

Larry Niven (1938) American writer

Millard Parlette's notes, in Ch. 7 : The Bleeding Heart
A Gift From Earth (1968)
Context: Any citizen, with the help of the organ banks, can live as long as it takes his central nervous system to wear out. This can be a very long time if his circulatory system is kept functioning. … But the citizen, cannot take more out of the organ banks than goes into them. He must do his utmost to see that they are supplied. … The only feasible method of supplying the organ banks is through execution of criminals. … A criminal's pirated body can save a dozen lives. There is now no valid argument against capital punishment for any given crime; for all such argument seeks to prove that killing a man does society no good.
Hence the citizen, who wants to live as long and as healthily as possible, will vote any crime into a capital crime if the organ banks are short of material. … Cite Earth's capital punishment for false advertising, income tax evasion, air pollution, having children without a license.
The wonder was that it had taken so long to pass these laws.