--- title: "3 Central bank Quotes By David Stockman" description: "3 Central bank quotes by David Stockman. Plus more from David Stockman and more Central bank sayings from other authors." image: "https://sms4smile.com/quotes/i/409/david-stockman-22367_bubbles_the-stock-market-in-japan-was-half-the-w_418975.jpg" --- > [The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've…](https://sms4smile.com/quotes/david-stockman/the-stock-market-in-japan-was-half-the-world-market-and-where-has-the/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) [Image](https://sms4smile.com/quotes/i/409/david-stockman-22367_bubbles_the-stock-market-in-japan-was-half-the-w_418975.jpg) > [The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An…](https://sms4smile.com/quotes/david-stockman/the-problem-is-that-you-re-creating-a-system-of-bubble-finance-where/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) [Image](https://sms4smile.com/quotes/i/b3a/david-stockman-22367_bubbles_the-problem-is-that-you-re-creating-a-sy_842420.jpg) > [Insanity has infected all the central banks of the world.](https://sms4smile.com/quotes/david-stockman/insanity-has-infected-all-the-central-banks-of-the-world/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) [Image](https://sms4smile.com/quotes/i/e7b/david-stockman-22367_central-bank_insanity-has-infected-all-the-central-ba_1071198.jpg) ## Other authors on Central bank - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-ben-bernanke-16920.jpg) Ben Bernanke 18 quotes ](https://sms4smile.com/quotes/about/central-bank/ben-bernanke/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b018/author-milton-friedman-68333.jpg) Milton Friedman 11 quotes ](https://sms4smile.com/quotes/about/central-bank/milton-friedman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-vladimir-putin-94037.jpg) Vladimir Putin 10 quotes ](https://sms4smile.com/quotes/about/central-bank/vladimir-putin/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b012/author-janet-yellen-47237.jpg) Janet Yellen 7 quotes ](https://sms4smile.com/quotes/about/central-bank/janet-yellen/) - [Elvira Nabiullina 6 quotes](https://sms4smile.com/quotes/about/central-bank/elvira-nabiullina/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-alan-greenspan-10313.jpg) Alan Greenspan 6 quotes ](https://sms4smile.com/quotes/about/central-bank/alan-greenspan/) - [Jerome Powell 5 quotes](https://sms4smile.com/quotes/about/central-bank/jerome-powell/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b010/author-george-soros-37989.jpg) George Soros 5 quotes ](https://sms4smile.com/quotes/about/central-bank/george-soros/) ## More by David Stockman > [In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is…](https://sms4smile.com/quotes/david-stockman/in-1985-the-top-five-percent-of-the-households-the-wealthiest-five/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost…](https://sms4smile.com/quotes/david-stockman/i-think-the-stock-market-is-a-very-dangerous-place-to-be-at-the/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business.…](https://sms4smile.com/quotes/david-stockman/i-don-t-think-that-mitt-romney-can-legitimately-say-that-he-learned/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take…](https://sms4smile.com/quotes/david-stockman/in-short-mr-ryan-s-plan-is-devoid-of-credible-math-or-hard-policy/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling…](https://sms4smile.com/quotes/david-stockman/the-stock-market-in-japan-was-half-the-world-market-and-where-has-the/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [I'm just not going to spend a lot of political capital solving some other guy's problem in 2010.](https://sms4smile.com/quotes/david-stockman/i-m-just-not-going-to-spend-a-lot-of-political-capital-solving-some/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I…](https://sms4smile.com/quotes/david-stockman/i-think-we-re-so-addicted-to-bubble-finance-at-the-fed-that-they-can/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [The Ryan plan isn't a budget. It's the last will and testament of the Republican party.](https://sms4smile.com/quotes/david-stockman/the-ryan-plan-isn-t-a-budget-it-s-the-last-will-and-testament-of-the/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value…](https://sms4smile.com/quotes/david-stockman/the-problem-is-that-you-re-creating-a-system-of-bubble-finance-where/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [The Republican Party, as much as it pains me to say this, should be ashamed of themselves.](https://sms4smile.com/quotes/david-stockman/the-republican-party-as-much-as-it-pains-me-to-say-this-should-be/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.](https://sms4smile.com/quotes/david-stockman/bernanke-has-cultivated-this-idea-that-he-is-a-brilliant-scholar-of/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs…](https://sms4smile.com/quotes/david-stockman/look-at-what-s-happening-between-main-street-and-wall-street-the/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [Insanity has infected all the central banks of the world.](https://sms4smile.com/quotes/david-stockman/insanity-has-infected-all-the-central-banks-of-the-world/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [One thing is certain. At some point global investors will lose confidence in our (U.S.) easy dollars and debt-financed prosperity, and then the chickens…](https://sms4smile.com/quotes/david-stockman/one-thing-is-certain-at-some-point-global-investors-will-lose/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) > [Kemp-Roth was always a Trojan horse to bring down the top rate.](https://sms4smile.com/quotes/david-stockman/kemp-roth-was-always-a-trojan-horse-to-bring-down-the-top-rate/) [David Stockman](https://sms4smile.com/quotes/author/david-stockman/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/central-bank/david-stockman/#itemlist", "name": "3 Central bank Quotes By David Stockman", "numberOfItems": 3, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. 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An asset value goes up. You put it up as collateral. You borrow against it. You buy more of the asset. You then take the rising asset. You borrow against it again. This is the nature of what's going on in the world. This isn't an excess of real savings. This is an excess of artificial credit that's being fueled by all the central banks.", "creator": { "@type": "Person", "name": "David Stockman" }, "url": "https://sms4smile.com/quotes/david-stockman/the-problem-is-that-you-re-creating-a-system-of-bubble-finance-where/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b3a/david-stockman-22367_bubbles_the-problem-is-that-you-re-creating-a-sy_842420.jpg", "contentUrl": "https://sms4smile.com/quotes/i/b3a/david-stockman-22367_bubbles_the-problem-is-that-you-re-creating-a-sy_842420.jpg", "url": "https://sms4smile.com/quotes/i/b3a/david-stockman-22367_bubbles_the-problem-is-that-you-re-creating-a-sy_842420.jpg", "width": 1080, "height": 1080, "caption": "“The problem is that you're creating a system of bubble finance where interest rates are so low that people…” — David Stockman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "Insanity has infected all the central banks of the world.", "creator": { "@type": "Person", "name": "David Stockman" }, "url": "https://sms4smile.com/quotes/david-stockman/insanity-has-infected-all-the-central-banks-of-the-world/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e7b/david-stockman-22367_central-bank_insanity-has-infected-all-the-central-ba_1071198.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e7b/david-stockman-22367_central-bank_insanity-has-infected-all-the-central-ba_1071198.jpg", "url": "https://sms4smile.com/quotes/i/e7b/david-stockman-22367_central-bank_insanity-has-infected-all-the-central-ba_1071198.jpg", "width": 1080, "height": 1080, "caption": "“Insanity has infected all the central banks of the world.” — David Stockman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/central-bank/david-stockman/#webpage", "url": "https://sms4smile.com/quotes/about/central-bank/david-stockman/", "name": "Central bank Quotes by David Stockman", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/central-bank/david-stockman/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/409/david-stockman-22367_bubbles_the-stock-market-in-japan-was-half-the-w_418975.jpg" }, "description": "3 Central bank quotes by David Stockman. 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