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— James Grant"Progress is cumulative in science and engineering, but cyclical in finance."
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And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.
— Penny Lernoux
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Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
— James Grant
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