The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level.
“Greenwich Village always had its share of mind readers, but there are many more these days, and they seem to have moved closer to the mainstream of life in the city. What was crazy 10 years ago is now respectable, even among the best-educated New Yorkers.”
“Some of the evil of my tale may have been inherent in our circumstances. For years we lived anyhow with one another in the naked desert, under the indifferent heaven.”