Cash Is Available And We

When Trust Is Lost, A Nation's Ability To Transact Business Is Palpably Undermined.

We May Be In A Rapidly Evolving International Financial System With All The Bells And Whistles Of The So-called New Economy. But The Old-economy Rules Of Prudence Are As Formidable As Ever. We Violate Them At Our Own Peril.

Protectionism Will Do Little To Create Jobs And If Foreigners Retaliate, We Will Surely Lose Jobs.

Without Calling The Overall National Issue A Bubble, It's Pretty Clear That It's An Unsustainable Underlying Pattern.

We As Central Bankers Need Not Be Concerned If A Collapsing Financial Asset Bubble Does Not Threaten To Impair The Real Economy, Its Production, Jobs And Price Stability.