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— George Soros"Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury."
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the Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.
— Noam Chomsky
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The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.
— James Surowiecki
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