William Z. Ripley

"Prosperity, not real but specious, may indeed be unduly protracted by artificial means, but in the end truth is bound to prevail." William Ripley circa 1927

“Nevertheless, balance sheet policy can still lower longer-term borrowing costs for many households and businesses, and it adds to household wealth by keeping asset prices higher than they otherwise would be.”
Brian P. Sack Executive vice president of the Federal Reserve bank of New York October 4 2010