Business, 18.03.2020 05:30 jenna1680

William McChesney Martin, who served as Chairman of the Federal Reserve in the 1950s and 1960s, is famous for saying that central banks should "take away the punch bowl just as the party is heating up".

What does this saying mean? Why wouldn't we want the "party" to get too exciting? What are the potential impacts of adding too much fuel to the economy?

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William McChesney Martin, who served as Chairman of the Federal Reserve in the 1950s and 1960s, is f...

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