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Quote by James F. Cooper

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James F. Cooper
James F. Cooper

James F. Cooper was an American writer renowned for his historical novels, which often depicted the life on the American frontier. His works are characterized by their vivid portrayal of characters and social changes. Cooper was born on September 15, 1789, and died on September 14, 1851. more

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“The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.”