Posts Tagged ‘policies’

Banking Terms

Posted: April 10, 2016 in Economics
Tags: , , , , ,

“Banking is at the center of the economy… And the policies you set in banking determine who gets capital and under what conditions. That’s the definition of capitalism: how to allocate capital and under what terms.” -Porter Stansberry

Central bankers have taken it upon themselves to sponsor great bull markets in the hopes of making people spend more because they will feel richer.  That was the theory.  But they neglected to think through the full consequences of these policies.” -Jim Grant