"As I look back, it now seems that, with all the thought and work and
good intentions, which we provided, we achieved absolutely nothing ...
nothing that I did, and very little that old Ben did, internationally
produced any good effect -- or indeed any effect at all except that we
collected money from a lot of poor devils and gave it over to the four
winds."
Read more at:
http://michaelperelman.wordpress.com/2009/08/20/flash-the-head-of-the-bank-on-england-confesses/
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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