“During the past two decades, inflation has fallen to a low level in major industrial countries.” TwoCountryPastLevelsMajorsLowsDecadesFallenInflationLow Level Author:Toshihiko Fukui
“I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.” MadeCountryMightAdministrationInflationMotorSettlementBrandedGeneral Motors Author:Leonard Woodcock
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” CountryMoneyDemocracyMastersIndustryAbsolutesTyrannyConspiracyCommerceReservesVolumeBankingInflationBankersMonetaryNew World OrderProperty RightsFederal ReserveCentral BanksEconomic FreedomMonetary SystemUsuryBankers And BanksCentral BankingReal Estate InvestingEconomic OrderBanks And MoneyMaster Ceremony Author:James A. Garfield
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.” LittlesImportantCountryEarthHeavenGrowthPerfectLevelsEconomicProduceIncreaseRateContributionPhenomenonStabilitySteadyQuantityStableInflationModeratesRapidsFrameworkMonetaryOutputHeaven On EarthImportant Contributions Author:Milton Friedman
“So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?” IfsCountryStatesUnitedUnited StatesCreationSourceEnglandResponsibleInstitutionsCreatorFedsSoleOther CountriesReservesContinuingInflationMonopolyEmpoweredFederal ReserveCentral BanksBlight Author:Murray Rothbard
“Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.” CountryHappensStrongRiskLowsIndependentCongressFedsVery StrongStableReservesInflationMandatesFederal ReserveStrong ManStrong IndependentHyperinflation Author:Timothy Geithner