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Quote by David Malpass

“The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but dont fix the underlying problems.”

Quote by David Malpass

Author

David Malpass is an economist born on March 8, 1956. He has extensive experience in international finance and economic policy, having served as a senior official at the World Bank and holding key positions in various international organizations. more

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