“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
“The transfer of three shillings and sixpence a day to every labourer would not increase the quantity of meat in the country. There is not at present enough for all to have a decent share. What would then be the consequence?” CountryEnoughThreeShareConsequenceIncreaseMeatDecentQuantityTransfersLabourers Book:An Essay on the Principle of Population: Illustrated Source: An Essay on the Principle of Population: Illustrated
“It's abominable, and it's a disgrace to a great democracy to see what's happened in our country. The main reason for that has been the enormous infusion of high quantities of money to campaigns - governors, Congress, president and the U.S. Senate.” Has BeensCountryReasonPresidentDemocracyHappenedCongressCampaignsEnormousOur CountrySenateQuantityGovernorsDisgraceInfusion Author:Jimmy Carter