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"sometimes fads are just silly ... occasionally impetuous and deluded"
- Randal K. Quarles, Vice Chair for Supervision, Federal Reserve, 6/28/21
Read
the speech heard 'round the world... (or at least 'round the waist...) Parachute Pants and Central Bank Money Vice Chair for Supervision Randal K. Quarles At the 113th Annual Utah Bankers Association Convention, Sun Valley, Idaho https://www.federalreserve.gov/newsevents/speech/quarles20210628a.htm |
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(but
it could just as well be... 1984? or 1990? or maybe even 1999? or whatever!)