--- title: "1 Central Banker Quotes By James Rickards" description: "1 Central Banker quotes by James Rickards. Plus more from James Rickards and more Central Banker sayings from other authors." image: "https://sms4smile.com/quotes/i/34b/james-rickards-25234_central-bank_policy-makers-respond-to-economic-distre_1969287.png" --- > [“Policy makers respond to economic distress by pursuing polices designed to improve the data. After a while, the data themselves may come to reflect not fundamental economic reality but a cosmetically induced policy result. If these data then guide the…](https://sms4smile.com/quotes/james-rickards/policy-makers-respond-to-economic-distress-by-pursuing-polices/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) [Image](https://sms4smile.com/quotes/i/34b/james-rickards-25234_central-bank_policy-makers-respond-to-economic-distre_1969287.png) ## More by James Rickards > [“If an economy has a stagnant labor force operating at a constant level of productivity, it will have constant output but no growth. The…](https://sms4smile.com/quotes/james-rickards/if-an-economy-has-a-stagnant-labor-force-operating-at-a-constant/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“The 1962 Cuban Missile Crisis came well before the current age of AI, yet computers were in use and technology played a critical role…](https://sms4smile.com/quotes/james-rickards/the-1962-cuban-missile-crisis-came-well-before-the-current-age-of-ai/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“It is one thing when prices drift downward over time due to innovation, scalability or other efficiencies. This might be considered “good” deflation and…](https://sms4smile.com/quotes/james-rickards/it-is-one-thing-when-prices-drift-downward-over-time-due-to/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“A country running deficits under the gold exchange standard could find itself like a tenant whose landlord does not collect rent payments for a…](https://sms4smile.com/quotes/james-rickards/a-country-running-deficits-under-the-gold-exchange-standard-could/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [ “This ... he largest financial bailout in history ... was not just a bailout of SVB \[Silicon Valley Bank\]. It was a bailout of… ](https://sms4smile.com/quotes/james-rickards/this-he-largest-financial-bailout-in-history-was-not-just-a-bailout/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.](https://sms4smile.com/quotes/james-rickards/derivatives-serve-practically-no-purpose-except-to-enrich-bankers/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“Printing dollars at home means higher inflation in China, higher food prices in Egypt and stock bubbles in Brazil. Printing money means that U.S.…](https://sms4smile.com/quotes/james-rickards/printing-dollars-at-home-means-higher-inflation-in-china-higher-food/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital…](https://sms4smile.com/quotes/james-rickards/what-does-reflect-reality-very-well-is-complexity-theory-which-comes/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“On the whole, it is difficult to think of another government agency that has failed more consistently on more of its key missions than…](https://sms4smile.com/quotes/james-rickards/on-the-whole-it-is-difficult-to-think-of-another-government-agency/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“Elite support for so-called free trade is due to the fact that elites share a global perspective at odds with the best interests of…](https://sms4smile.com/quotes/james-rickards/elite-support-for-so-called-free-trade-is-due-to-the-fact-that-elites/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“The irony is that when you set out to remove bias you use your own possibly unconscious biases in deciding what's harmful and what…](https://sms4smile.com/quotes/james-rickards/the-irony-is-that-when-you-set-out-to-remove-bias-you-use-your-own/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives.…](https://sms4smile.com/quotes/james-rickards/the-solutions-to-this-systemic-risk-overhang-are-surprisingly/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“Policy makers respond to economic distress by pursuing polices designed to improve the data. After a while, the data themselves may come to reflect…](https://sms4smile.com/quotes/james-rickards/policy-makers-respond-to-economic-distress-by-pursuing-polices/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and…](https://sms4smile.com/quotes/james-rickards/when-you-own-gold-you-re-fighting-every-central-bank-in-the-world/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If…](https://sms4smile.com/quotes/james-rickards/the-problem-right-now-is-that-central-banks-have-not-normalized-their/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/central-banker/james-rickards/#itemlist", "name": "1 Central Banker Quotes By James Rickards", "numberOfItems": 1, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“Policy makers respond to economic distress by pursuing polices designed to improve the data. After a while, the data themselves may come to reflect not fundamental economic reality but a cosmetically induced policy result. 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