William McChesney Martin famous quotes

The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.
-- William McChesney Martin

#Party #Federal Reserve #Chaperones

Too many of our prejudices are like pyramids upside down. They rest on tiny, trivial incidents, but they spread upward and outward until they fill our minds.
-- William McChesney Martin

#Pyramids #Mind #Prejudice

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.
-- William McChesney Martin

#Wind #Purpose #Way

What's good for the United States is good for the New York Stock Exchange. But what's good for the New York Stock Exchange might not be good for the United States.
-- William McChesney Martin

#New York #United States #Might

Everybody is entitled to believe. Churches have exactly the same right to exist as a football club, a trade union or a political party. But if you and I set up the Church of the Fairies of the Garden, then I don't think we should automatically be meeting the queen, be entitled to seats in the House of Lords or get public money for our fairy schools.

If you're in your early 20s and you're hanging out with a bunch of other people in their early 20s, nobody has a sense of the kinds of problems that real 'workers' run into every day. They're running into a completely different set of problems like 'What's the party going on right now that I should be going to?

Jordan has to show the Arab world that there's another way of doing things. We're a monarchy, yes, but if we can show democracy that leads to a two-, three-, four-party system - left, right and center - in a couple of years' time, then the Muslim Brotherhood will no longer be something to contend with.

I worry because there is a basic asymmetry, an imbalance, between the two parties. For the Palestinians, it is about status and sovereignty, which could always be adjusted, while for Israel it is about security and trust. And security is something you can't adjust. If you make a mistake on the scrutiny issue, there is no going back.

Both parties deprecated war; but one of them would make war rather than let the nation survive; and the other would accept war rather than let it perish. And the war came.

I’d rather be a straight ‘self-proclaimed homosexual’ than a racist, ignorant, hate-filled bigot in Rise Up Australia any day. This party wants to end multiculturalism and discriminate against anyone different. What this mob intends as a grievous insult, I take as a compliment. Long live equal rights.

There is no entity in the world that controls our lives more than the Federal Reserve System

The Federal Reserve bank buys government bonds without one penny...

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.

Musicians burn through more cash than the Federal Reserve.