Sucheta Dalal :Will the Central Bankers be beaten up by their own magic wand of free money?
Sucheta Dalal

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Will the Central Bankers be beaten up by their own magic wand of free money?  

September 22, 2014

Free money, like anything else that is free in a market system, tends to be wasted. If it is wasted, it doesn’t promote the growth that the markets have anticipated. If the illusion is finally dissipated, then along with it, will perhaps go the central banker’s most effective tool

 

William Gamble

 

Central bankers sometime seem like masters of the universe.

 

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-- Sucheta Dalal