"Never pick a fight with a central bank. The only one who gets hurt is you. Unless, of course, you
are another central bank."
"So it is not quite true that a currency-issuing
central bank has no opponents. No-one in the private
sector will oppose it, unless they have a deathwish. But other currency-issuing
central banks might, if they perceive its actions as threatening to their own
economies. "
