It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I… - Paul Volcker

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It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with "free banking."