Mehrling: So you didn't read at that time the classic banking texts, for example, Bagehot's Lombard Street? Volcker: Well I read some of Bagehot, and I read a lot of Hawtrey. I remember I read a lot of Hawtrey. Mehrling: Currency and Credit? The Art of Central Banking? Volcker: I don't remember the names of the books, just being in London. In those days I used to read The Economist and the Financial Times, so I kept up with what was going on in the money markets.
Paul VolckerRelated topics
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Literary men are being employed to praise a big business man personally, as men used to praise a king. They not only find political reasons for the commercial schemes that they have done for some time past they also find moral defences for the commercial schemers... I do resent the whole age of patronage being revived under such absurd patrons; and all poets becoming court poets, under kings that have taken no oath.
G. K. Chesterton
Of course the sands of Present Time are running out from under our feet. And why not? The Great Conundrum: 'What are we here for?' is all that ever held us here in the first place. Fear. The answer to the Riddle of the Ages has actually been out in the street since the First Step in Space. Who runs may read but few people run fast enough. What are we here for? Does the great metaphysical nut revolve around that? Well, I'll crack it for you, right now. What are we here for? We are here to go!
Brion Gysin
With each technological ‘revolution', more energies began to be accessed, stored, and used than had been in the preceding epoch...On the whole, technological change is irreversible: whatever the nature of a technological revolution, it is always from the hoe to the plough, and not the other way around...Improvement generally means greater efficiency in the use of energy, materials, or information. It means greater speed, less investment of time and money, and operation on a larger scale.
Ervin László
The whole Renaissance tradition is antipathic to me. The hard-and-fast rules of perspective which it succeeded in imposing on art were a ghastly mistake which it has taken four centuries to redress; Cézanne and after him Picasso and myself can take a lot of credit for this.... scientific perspective forces the objects in a picture to disappear away from the beholder instead of bringing them within his reach as painting should.
Georges Braque
I bought a doughnut and they gave me a receipt for the doughnut; I don't need a receipt for the doughnut. I'll just give you the money, and you give me the doughnut, end of transaction. We don't need to bring ink and paper into this. I just can't imagine a scenario where I would have to prove that I bought a doughnut. Some skeptical friend: "Don't even act like I didn't get that doughnut! I got the documentation right here...oh, wait it's at home...in the file...under 'D', for doughnut."
Mitch Hedberg