“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.” MayGrowthDealsEconomyInfluenceResearchExpectationsProgramImpactPrimariesConsumersInflationNew DealFuture Growth Author:Christina Romer
“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.” TodayStuffGrowthHappeningsProductivityPrintGoing To WorkInflation Author:Peter Thiel
“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
“[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?” WorldYearsSaidGrowthInterestWealthPolicyFellowsWesternRateBrokeTriumphGovernorsReservesInflationAustralianWestern WorldInterest Rate Author:Paul Keating
“Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation." "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.” YearsFirstsLongTwoRealShowsThreeGrowthEconomyMonthsSixImpactRateInvestingFinancialSignificantNineRangeTwo YearsInflationVariablesNine MonthsFinancial MarketsSignificant ChangeDeflation Author:Milton Friedman
“Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.” GrowthDebtTendenciesInflationDeficitPercentagesAccompanyGdpSlow Growth Author:Bill Gross
“The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but dont fix the underlying problems.” ShouldProblemGrowthInterestPowerfulClearCommitmentBiggerRateFinancialChampionFedsStableSwingsRegulationLayersTradingInflationMomentumUnstableInterest RateDerivativesFinancial Regulation Author:David Malpass
“And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.” JobsAmericaGrowthEconomyFocusEffectsFoundationDollarsConvincedStrongestInflationPurchasingGuardingSolid FoundationPurchasing PowerDeflationJob Growth Author:Kevin Brady
“It was shameful that, after Haiti, Colombia was the second most unequal country in Latin America. But we've achieved some things; the inequality is coming down, and coming down fast. The growing economy has provided us with the funds to finance a very progressive social policy that has reduced extreme poverty. We have the lowest inflation rate of all Latin-America countries and the highest growth rate.” CountryAmericaSocialGrowthPovertyEconomyGrowingPolicyHighestDown AndRateExtremesFinanceInequalityFundLatinProgressiveLowestInflationShamefulLatin AmericaHaitiColombiaExtreme PovertySocial PolicyGrowing Economy Author:Juan Manuel Santos
“Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.” GrowthTechnologyEconomyProgressPolicyProductivityVarietyInflationMonetary Author:Ben Bernanke
“The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.” GrowthInterestDecisionHigherTaxesDifficultyRateRecoveryUsaJoblessInflationInterest RateSluggish Author:Karl Rove