Showing posts with label Stanley Fisher. Show all posts
Showing posts with label Stanley Fisher. Show all posts

Jan 31, 2013

Why Stanley Fisher opposed In God We Trust

"In God We Trust" is the motto of the United States of America and it graces the currency on both paper and coins.

In Israel there is no such statement on the currency. in Stanley Fisher's previous term as Governor of the Bank of Israel, there was a movement to start including the same phrase, in Hebrew of course - "בה' אנו מאמינים" - In God We Trust.  Fisher opposed the idea, and it was rejected due to that opposition.

The Director of the lobby for Jewish Values, Ofer Cohen, who had led the movement back then has now explained Fisher's opposition. Fisher had said he opposes it because he did not want to see God's name [on currency] that might be thrown out in the garbage, or mistreated.
(source: Bechadrei)

Though, it must be noted, that the document displayed on Bechadrei's website (see link above), signed by the Minting department, gives other, more official reasons, for having rejected the idea. Despite that, Fisher's reason for opposing the idea, so as not to see God's name on a surface that might be defaced or mistreated, is a more Jewish reason...


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Mar 21, 2012

Quote Of The Day

Quote Of The Day

Israelis complain about over-draft, but in the United States of America there is no over-draft. As soon as you reach "minus" - they fine you immediately, and you need to request to pay the debt via credit card..

  --- Bank of Israel Governor Stanley Fisher in a discussion in Knesset Finance COmmittee about bank fees and interest rates
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Jan 23, 2012

The Next President of Israel

In a shocking turn of events, PM Benjamin Netanyahu has reportedly been raising the possibility of promoting and supporting Stanley Fisher, currently president of the Bank of Israel, as the next President of Israel when Shimon Peres will finish his term in 2014.

This is a blow to Speaker of the Knesset Ruby Rivlin who ran against Peres last time and was looking for widespread support for his future candidacy in the upcoming selection for president. Netanyahu promoting an alternate candidate is a big blow.

I do not think Fisher is the right man for the job, at this time. As great as he is as an economist, and perhaps in his demeanor and wisdom, he simply has not been part of Israel for long enough. Can he really know Israel well enough in the short time he has been here that he could represent Israel at that level? Personally, and I like Fisher a lot, I doubt it, and I do not consider it a good move.

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