"Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis"
- Mary Kay Ash
About this Quote
This quote by Mary Kay Ash is a tip that central banks are not foolproof. They are made up of individuals who are charged with making decisions based on their analysis and understanding of the current economic situation. While they might have access to a wealth of information and resources, they are still human and can make mistakes. This quote is a suggestion that central banks must not be deemed having divine wisdom, however rather as individuals who are doing their finest to make the very best decisions possible. It likewise serves as a pointer that reserve banks must be held responsible for their decisions and must be prepared to accept the consequences of their analysis, whether it succeeds or not.
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