“[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?” WorldYearsSaidGrowthInterestWealthPolicyFellowsWesternRateBrokeTriumphGovernorsReservesInflationAustralianWestern WorldInterest Rate Author:Paul Keating
“The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control.” ThinkingWaySaidGovernmentGivenGoneConstitutionAssetsAmendmentsReservesFederal GovernmentFederal Reserve Author:David Malpass
“One of the reserves came up to me and said 'I'm finding it a bit hard, it's the first time I've ever been dropped'. So I told him to do what Nick Faldo does and work at his game. Next thing I know he's doing exactly what Faldo does, he's taken up golf.” KnowsFirstsDoeSaidHardNextGamesBitsTakenFootballFindingsFirst TimeGolfManagersSoccerReservesChairman Author:Ron Atkinson