===================== HES POSTING ===================== Hayek's essay "The Future Unit of Value" includes the following anecdote: "Bankers have in particular forgotten a famous phrase used by an English banker when Peel's Act of 1844 was passed: 'I don't need a Reserve Bank; I keep my reserves here.' Thereby pointing his finger down to the direction of the vaults of his bank." Can anyone provide a source for this anecdote, or identify the English banker in question? Thanks in advance, Peter Klein [log in to unmask] ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]