Imagine an irresponsible teenager with an unlimited line of credit. The parents, teachers, pastors, and authorities in his life are ultimately powerless to change his habits. Now imagine that teenager armed to the teeth and also immune even from the rule of law. This is what we have with a government backed by a central bank.
– from End the Fed book by Ron Paul
Tag: Quotes on Central Banks
While central banks have mostly been …
While central banks have mostly been dismissive of the importance of Bitcoin, this could be a luxury they may not afford for long. As hard as it might be for central bankers to believe it, Bitcoin is a direct competitor to their line of business, which has been closed off from market competition for a century.
– from The Bitcoin Standard book by Saifedean Ammous