The New Lombard Street Quotes

“Here”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“Investment banks were the source of market liquidity”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“As long as the music is playing”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“not for the old wisdom to return”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“The problem was that”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“Under the provisions of Peels Act of 1844”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“one lesson of the history I relate is that when academics and practitioners agree”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort

“The seductive allure of present credit and the crushing burden of future debt are two faces of the same creature.”
― Perry G. Mehrling, The New Lombard Street: How the Fed Became the Dealer of Last Resort