William McChesney Martin Born : December 17, 1906 Died : July 27, 1998 Browse All Authors Top 4 quotes by William McChesney Martin The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up. William McChesney Martin chaperones federal-reserve party Too many of our prejudices are like pyramids upside down. They rest on tiny, trivial incidents, but they spread upward and outward until they fill our minds. William McChesney Martin prejudice pyramids mind Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing. William McChesney Martin purpose wind way What's good for the United States is good for the New York Stock Exchange. But what's good for the New York Stock Exchange might not be good for the United States. William McChesney Martin united-states new-york might