Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA [Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations.
The life-efficiency and adaptability of the computer must be questioned. Its judicious use depends upon the availability of its human employers quite literally to keep their own heads, not merely to scrutinize the programming but to reserve for themselves the right of ultimate decision. No automatic system can be intelligently run byautomatonsor by people who dare not assert human intuition, human autonomy, human purpose.Lewis Mumford
But still the great have kindness in reserve, He helped to bury whom he helped to starve.Alexander Pope
"In love affairs, there is no mediator like a merry, simple-hearted child - ever ready to cement divided hearts, to span the unfriendly gulf of custom, to melt the ice of cold reserve, and overthrow the separating walls of dread formality and pride."anne brontë
More than a billion women around the world want to emulate western women’s lifestyles and are rapidly acquiring the material ability to do so. It is therefore vital that in our leadership we display some reserve and responsibility in our spending so that the world’s finite resources will be available for our children, their children and their children’s children.louise burfitt-dons
It seems to me that, with but slight reserve and modification, we may apply to our departed friend his own pathetic and beautiful elegy upon another.samuel laman blanchard
The distribution of troops devoted to the defence of a place includes a garrison, an occupying force, numerically as weak as possible; a reserve as strong as possible, designed for counterattacking and for providing itself, at the moment it goes into action, with a security service which will guard it from any possible surprise.Ferdinand Foch
What initially attracted me to The Seventh Seal was that it had values and characteristics which I was familiar with in other art forms, most notably, the European novel and certain forms on English drama, and indeed, in relation to my rather academic interest in history -- not "history" in the normal sense, but history as a form of entertainment . It might be a very unfashionable view but I believe that history is an amazing bank or reserve area of plots, characterisations, extraordinary events, etc.Peter Greenaway
I have resolved, if our interview is conducted in the usual manner, and it pleases God to give me the opportunity, to reserve and throw away my first fire, and I have thoughts even of reserving my second fire.Alexander Hamilton
Pride and reserve are not the only things in life; perhaps they are not even the best things. But if they happen to be your particular virtues you will go all to pieces if you let them go.
In conversation avoid the extremes of forwardness and reserve.
More than a billion women around the world want to emulate western women’s lifestyles and are rapidly acquiring the material ability to do so. It is therefore vital that in our leadership we display some reserve and responsibility in our spending so that the world’s finite resources will be available for our children, their children and their children’s children.
I assume there is such a thing as Central Europe, even though many people deny its existence, beginning with statesmen and journalists who persist in calling it "Eastern Europe" and ending with my friend Joseph Brodsky, who prefers to reserve for it the name of "Western Asia." In these decades of the 20th century, Central Europe seems to exist only in the minds of some of its intellectuals.
Give every man thy ear, but few thy voice; Take each man's censure, but reserve thy judgment.william shakespeare
So for thy spirit did devise Its Maker seemly garniture, Of its own essence parcel pure, From grave simplicities a dress, And reticent demureness, And love encinctured with reserve; Which the woven vesture would subserve. For outward robes in their ostents Should show the soul's habiliments. Therefore I say, Thou'rt fair even so, But better Fair I use to know.Francis Thompson
Providence is always on the side of the last reserve.
While we were engaged in voting eulogies to Euodus, Severus restrained us by saying: "It is disgraceful that in one of your decrees there should be inscribed such a statement respecting a man that is a Caesarian." It was not the only instance of such an attitude, but he also refused to allow all the other imperial freedmen either to be insolent or to swagger; for this he was commended. The senate once, while chanting his praises, uttered without reserve no less a sentiment than this: "All do all things well since you rule well!"
The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal reserve.kenneth griffin
he [agent Daly] conducts his office as being a whole Dominion Government, Indian Agent, Indian Cheif and Council, all into one ... the Agent appears as taking too much advantage of his powers over the Chief and council and causing a considerable strife an [animosity] amoung the Indians of this reserve ... foiling the labors of the chief and members of the council, discrediting those who assist to maintain good government of the Band.francis pegahmagabow
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
The Federal reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933Milton Friedman
Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal reserve System have never been audited. It operates outside the control of Congress and through its Board of Governors manipulates the credit of the United States.
…the increase in the assets of the Federal reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the banks.
As soon as Mr. [Franklin] Roosevelt took office, the Federal reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.
The Federal reserve Banks, while not part of the government, are the central banking sytem for the Nation.… Holdings of Federal debt by the Federal reserve Banks do not have the same impact on private credit markets as other debt held by the public. Their holdings of Federal debt arise from their role as the country's central bank.
The powers vested in the Federal reserve Board seem to me highly dangerous especially when there is political control of the Board. I should be sorry to hold stock in a bank subject to such dominations. The [Federal reserve] bill as it stands seems to me to open the way to a vast inflation of the currency.… I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.
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