“For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.” WantAbleEconomyPolicyCostAbsolutesIndependentTradeUnionsProfitZoneCurrencyReapMonetaryTransactionsEuroCentral BanksMonetary PolicyFrankfurt Author:Dalia Grybauskaite
“There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially a massive barter economy. All it requires is some commonly used unit of account and adequate computing power to make sure all transactions could be settled immediately. People would pay each other electronically, without the payment being routed through anything that we would currently recognize as a bank. Central banks in their present form would no longer exist – nor would money.” PeopleReasonFormUsedPayEconomyProductsDirectAccountsProducersConsumersNo ReasonMassiveUnitsAdequatePaymentTransactionsComputingCentral Banks Author:Mervyn King
“Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.” IfsNeedsEconomyConcernedHeavyTrendsSwingsRegulationBalancedImposingCentral Banks Author:Abdul Aziz Al Ghurair
“We in the Congress have a moral and constitutional obligation to protect the value of the dollar and to understand why it is so important to the economy that a central bank not be given the unbelievable power of inflating a currency at will and pretending that it knows how to fine-tune an economy through this counterfeit system of money.” KnowsImportantValuesGivenMoralKnow HowEconomyFineProtectDollarsCongressObligationTunesPretendingCurrencyUnbelievableCounterfeitCentral Banks Author:Ron Paul