In central banking circles, it is viewed as obvious that the accumulation and destruction of reputational capital more closely resembles adaptive than rational expectations - it lags behind reality. Here, I think, the central bankers are closer to the truth than the economic theorists. Alan Blinder
Economics should be under no illusion that central banking will ever become a science. Jürg Niehans
There have been three great inventions since the beginning of time fire, the wheel, and central banking. Will Rogers
Basel has several first-rate restaurants, and it may be that in the view of the central-bank delegates this advantage outweighs the travel inconvenience, for central banking -or at least European central banking- has a firmly established association with good living. John Brooks