The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Disillusionment can come as fast as a gust, but building faith that the government won't inflate again is like building a new sailboat, a project of years.
Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
We are trained to be employees, but no one said that we have endure a limited salary that barely keeps pace with inflation.
This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.
Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.
In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.
The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies.
Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.
I have to be the only person in America who had a doctor say to him, 'Please don't put any more surgical gloves on your head and inflate them.'
Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
People concerned about inflation today tend to buy big houses and nice cars.
Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.
We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
The goal of re-importation is to provide American consumers with access to drugs at the world market price - not the inflated price now paid only by Americans.
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.
I would argue that television and particularly the BBC were instrumental in puffing up the Royal Family to a level where they were inflated out of all, all proportion to their relevance on the national scene.
Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.
Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.
