[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?
Paul KeatingRelated topics
australian bank broke came fellow good high inflation interest wealth western yearsRelated quotes
We were created for eternal life by our Creator, we are called to it by the word of God, and we are renewed by holy Baptism. And Christ the Son of God came into the world for this, that He should call us and take us there, and He is the one thing needful. For this reason your very first endeavor and care should be to receive it. Without it everything is as nothing, though you have the whole world under you.
Tikhon of Zadonsk
We need to be careful not to harbour any resentment against those who harm us, but rather to pray for them with love. Whatever any of our fellow men does, we should never think evil of him. We need always to have thoughts of love and always to think good of others. Look at Saint Stephen the first martyr. He prayed, Lord, do not hold this sin against them. We need to do the same.
Porphyrios of Kafsokalyvia
The Church is an enclosure, if you are within, the wolf cannot enter, but if you stray outside the wild beasts will get you...Do not wander from the Church; there is nothing more impregnable than the Church. She is your hope and your salvation. She is higher than the heavens, firmer than rock, wider than the world; she never grows old, but is forever renewing her youth.
John Chrysostom
The manifesto had a paragraph on a wish and an aspiration, acknowledging that the Reserve Bank is independent and that there is no intention whatsoever to tamper or tinker with the independence of the central bank. The wish that is expressed is, that as it goes ahead with monetary policy machinations, it will keep an eye on employment.
Cyril Ramaphosa
American policy makers must understand that the activists and young people who started Yemen's peaceful revolution deeply respect the United States and Western civilization...We call on American officials to engage with the leaders of Yemen's democracy movement and abandon their misplaced investment in the old regime's security apparatus.
Tawakkol Karman