“There have been three great inventions since the beginning of time: fire, the wheel and central banking.”
“The job of central banks: to take away the punch bowl just as the party is getting going.”
William McChesney Martin
“The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.”
Jean-Baptiste Colbert, Louis XIV’s treasurer
- Governments and other public agencies, notably central banks, are big players in financial markets – acting as both borrowers and lenders, and attempting to monitor and influence the state of the economy.
- In response to the Great Recession, governments around the world pursued policies of “fiscal stimulus” ...