“Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.” IfsMeanGrowthInterestMoneyNiceEconomicGoldRatePlanningEmploymentPrintDevotedBankingEconomic GrowthPrintingNice ThingsInterest RateCentral BanksDubiousSuppressingCentral BankingCentral PlanningPrinting Money Author:James Grant
“Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.” IfsWellsHardEnoughGrowthImpossibleOrdinaryRedRateManageWeedOfficersFlagsBankingExceptionalExpandingLoanLendingSaying YesRed Flags Author:James Grant
