I haven’t said anything yet about the rate of growth of the money supply, another indicator that is sometimes cited by those concerned about inflation, largely because there is not too much to say.
The value system you  BIS central bankers’ speeches  5  practise in your professional conduct influences the value system of the society. Sadly, we see several transgressions. 32. Take the case of Worldcom. Worldcom indulged in major accounting misstatements which hid the precarious financial position of the company.