Bank Of England Quotes & Sayings

So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself? — Murray Rothbard

These critics thought that the general commercialization of English life, including the rise of trading companies, banks, stock markets, speculators, and new moneyed men, had undermined traditional values and threatened England with ruin. The monarchy and its minions had used patronage, the national debt, and the Bank of England to corrupt the society, including the House of Commons, and to build up the executive bureaucracy at the expense of the people's liberties, usually for the purpose of waging war. — Gordon S. Wood

To be the governor of the Bank of England in the nineteenth and early twentieth century was therefore not a mark of any particular merit, but merely a sign of the right pedigree, patience, longevity, and the luxury of having a sufficiently profitable business with partners willing to let one take four years' leave. — Liaquat Ahamed

Nowhere but in England are the papers so full of fascinating misbehaviour. There is always a scandal brewing, there is always a politician, village vicar or bank manager being pilloried, yet at the same time the country breathes a remarkable sense of order. — Geert Mak

I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England. — John Maynard Keynes

The phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing ... Now the American citizen can, of course, appeal to his constitution, which states that Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic. — Ezra Pound

When we've been bold on the Bank of England, on PFI, on great constitutional change, on the New Deal, we've been most successful. So what we have to continue to try and do is to battle with ideas and find new ways of applying those values as the world changes. — John Reid

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. — Harry Enfield

The relation of eugenics to British psychiatry bears examination. The primary controlling body for psychiatry in England is the British National Association for Mental Health (NAMH), formed in 1944, and initially run by the mentally unstable Montagu Norman, previously of the Bank of England. The group originally met at Norman's London home, where he and Nazi Economics Minister Hjalmar Schacht had met in the 1930s to arrange financing for Hitler. — Jim Keith

Barclays Bank in England purchased bankrupt Lehman Brothers Tuesday along with its Manhattan tower, saving nine thousand jobs. It's humiliating. The United States of America is 232 years old and we're having to go to mom for money. — Argus Hamilton

He [Stanley Matthews] told me that he used to play for just twenty pounds a week. Today he would be worth all the money in the Bank of England. — Gianfranco Zola

I went to America in the winter of 1872-73, authorised to secure, if I could, the passage of a bill demonetising silver. It was in the interest of those I represented - the governors of the Bank of England - to have it done. By 1873, gold coins were the only form of coin money. — Ernest Seyd

I hold all idea of regulating the currency to be an absurdity; the very terms of regulating the currency and managing the currency I look upon to be an absurdity; the currency should regulate itself; it must be regulated by the trade and commerce of the world; I would neither allow the Bank of England nor any private banks to have what is called the management of the currency. — Richard Cobden

How is it having more control if we have a recession as the Bank of England and IFS say? — Sadiq Khan

Whenever he gives advice it is always something as startling as an epigram, and yet as practical as the Bank of England. — G.K. Chesterton

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England ... At the time of the Banks action I warned of its consequences ... I felt that sooner or later the market had to break. — Bernard Baruch

In 1861, on the eve of the Civil War, Grant, aged thirty-nine, with four children at home and scarcely a penny in the bank, had made no mark on the world and looked unlikely to do so, for all the boom conditions of mid-century America. His Plymouth Rock ancestry, his specialist education, his military rank, which together must have ensured him a sheltered corner in the life of the Old World, counted for nothing in the New. He lacked the essential quality to be what Jacques Barzun has called a "booster," one of those bustling, bonhomous, penny-counting, chance-grabbing optimists who, whether in the frenetic commercial activity of the Atlantic coast, in the emergent industries of New England and Pennsylvania or on the westward-moving frontier, were to make America's fortune. Grant, in his introspective and undemonstrative style, was a gentleman, and was crippled by the quality. — John Keegan

I've spent hundreds of thousands of pounds on the very best security and I can assure you my homes are as safe as the Bank of England. — Simon Cowell

I suppose in reality not a leaf goes yellow in autumn without ceasing to care about its sap and making the parent tree very uncomfortable by long growling and grumbling - but surely nature might find some less irritating way of carrying on business if she would give her mind to it. Why should the generations overlap one another at all? Why cannot we be buried as eggs in neat little cells with ten or twenty thousand pounds each wrapped round us in Bank of England notes, and wake up, as the sphex wasp does, to find that its papa and mamma have not only left ample provision at its elbow, but have been eaten by sparrows some weeks before it began to live consciously on its own account? — Samuel Butler

The sea from Dunkirk to Dover during these days of the evacuation looked like any coastal road in England on a bank holiday. It was solid with shipping. — Douglas Bader

In 1925, when Britain went back to the gold standard, that was supported by the Conservative Party, the Labour Party, the Bank of England, the civil service, the CBI, the TUC, the Times, the Economist; that consensus was very strong. — Ed Balls

Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue. — Vince Cable

The historian assesses that the investment of the wealthy classes in the Bank of England wedded them to the fate of the nation as a whole and to the maintenance of its stability. — Walter Russell Mead

Why should the generations overlap one another at all? Why cannot we be buried as eggs in neat little cells with ten or twenty thousand pounds each wrapped round us in Bank of England notes, and wake up, as the sphex wasp does, to find that its papa and mamma have not only left ample provision at its elbow, but have been eaten by sparrows some weeks before it began to live consciously on its own account? About — Samuel Butler

The real power is not corporate; it is private. They choose not to have a name. It is a dynasty of banking families - Rothschild and Rockefeller being two - that operate chiefly out of London, in the boardrooms out of the city of London and the Bank of England, which they own. — Betty Dodson

It was not always the case, of course, that navies paid for themselves. In wartime, costs often exceeded revenues, and those deficits grew over time as fleets and armies got bigger. But this was hardly an insurmountable obstacle for the most dynamic economies in the world. The United Provinces and England were able to borrow all they needed to underwrite their defense budgets. The pressures of war gave a powerful impetus to the growth of stocks, bonds, loans, and paper currencies during the late seventeenth and early eighteenth centuries and helped to turn Amsterdam and then London into international financial centers. To take one example, the Bank of England was established in 1694 to raise funds to allow England to wage war against France. — Max Boot

The amusement she had drawn from their disapproval was a slavish remnant, a derisive dance on the north bank of the Ohio. There was no question of forgiving them. She had not, in any case, a forgiving nature; and the injury they had done her was not done by them. If she were to start forgiving she must needs forgive Society, the Law, the Church, the History of Europe, the Old Testament, great-great-aunt Salome and her prayer-book, the Bank of England, Prostitution, the Architect of Apsley Terrace, and half a dozen other useful props of civilization. All she could do was to go on forgetting them. But now she was able to forget them without flouting them by her forgetfulness. — Sylvia Townsend Warner

By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the U.K. has been borrowing like crazy since 1694, when the Bank of England was invented. This means that we are locked into high taxation to pay for 300 years of wars and other costly and generally disastrous state enterprises. — Tom Hodgkinson

However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists. — George Soros

The poet laureate of England talked about murdering Jews on the West Bank. — Steven T. Katz

Scotland is the only case in the world where the poor part of a territory wants to separate from the rich part. If independence came, one option is to keep the pound as its currency, so that all economic decisions will continue to be taken by the Bank of England. — Philip Kerr

Whatever the man's age, history, condition, knowledge, culture, development, he had an erection. Good currency anywhere. Recognized by the Bank of England. — Saul Bellow

The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England — Bernard Baruch

You are as safe with me as you would be in the Bank of England. — Robert Maxwell

If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board — Philippe Ries

Men who allow their love of power to give them a distorted view of the world are to be found in every asylum: one man will think he is the Governor of the Bank of England, another will think he is the King, and yet another will think he is God. Highly similar delusions, if expressed by educated men in obscure language, lead to professorships of philosophy; and if expressed by emotional men in eloquent language, lead to dictatorships. — Bertrand Russell

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit. — John Redwood

I protest that we fans are being emotionally starved and frustrated by long periods of perfect performance of these batteries. More over, when there are nothing but strikes and balls going on, you relapse into your worries over the Bank of England, or something else. — Herbert Hoover