Central Banks are the Alchemists of the 21th Century

Just as William Shakespeare was pivotal for English literature, culture and language, so was Johann Wolfgang von Goethe (1749 – 1832) for the German language. He was a writer, a polymath, a philosopher, a genius! Already in his own lifetime he was known under the epithet “Dichterfürst” (poet count). But he was also treasurer at the court of count Karl August in Weimar. The experience drawn from this dual career as poet and treasurer let him create a work without equal in its combination of literature and monetary policy. Faust is a must-read for every monetary historian.

TheGoldStandard44Aug14

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