chairform

Updated: June 29, 2025

The Bank directors may be blamed for many things, but they cannot be blamed for the changeableness and excitability of a neocracy. Indeed, still better to prevent it, the elder members of the board that is, those who have passed the chairform a standing committee of indefinite powers, which is called the Committee of Treasury.

Walter Bagehot - Lombard Street : a description of the money market