Quotessence
Home / Quotes / Quote by Jim Rogers

Quote by Jim Rogers

“The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.”

Quote by Jim Rogers

Author

Jim Rogers
Jim Rogers

Jim Rogers is a renowned investor, born in October 1942. He has a significant influence in the global investment field, particularly known for his profound insights into the commodity market. more

You May Also Like

“So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.”

“History without the history of science, to alter slightly an apothegm of Lord Bacon, resembles a statue of Polyphemus without his eye-that very feature being left out which most marks the spirit and life of the person. My own thesis is complementary: science taught ... without a sense of history is robbed of those very qualities that make it worth teaching to the student of the humanities and the social sciences.”