“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
“Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.” WellsGrowthEconomyFinancialCongressMissionsCriticalEmploymentPreservesStabilityEfficientStableMaximumOutputFinancial SystemPrice Stability Author:Ben Bernanke
“It's no longer terribly sexy to own shares in certain companies; it used to be that being a shareholder in a corporation would connect you with it. The result is that people really want to invest in valuable things, and contemporary art has become a very stable material value with great growth potential.” PeopleWantArtUsedCertainValuesGrowthResultsCompanyShareMaterialsValuableSexyContemporaryUsed To BeCorporationsStableShareholdersContemporary ArtValuable Things Author:Thomas Koerfer
“If coal wants a place in a carbon-constrained future, they have to look at technology like this. And we think that our rule can help stimulate technology, growth, and innovation, bring those costs down, and allow coal a more stable opportunity to continue to be invested in.” IfsThinkingWantLooksHelpingOpportunityGrowthTechnologyCostInnovationDown AndStableCarbonCoal Author:Gina McCarthy
“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
“If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.” IfsYearsProblemOrderGrowsGrowthPercentCreditStableGdp Author:Adair Turner, Baron Turner of Ecchinswell
“Society must cease to look upon 'progress' as something desirable. 'Eternal Progress' is a nonsensical myth. What must be implemented is not a 'steadily expanding economy', but a zero growth economy, a stable economy. Economic growth is not only unnecessary but ruinous.” LooksGrowthEconomyProgressEconomicEternalMythCeaseLook UpZeroStableUnnecessaryDesirableExpandingEconomic GrowthNonsensical Author:Aleksandr Solzhenitsyn
“The greatest economic minds of the 19th century, all of them without exception, considered economic growth as a temporary necessity. When all human needs are satisfied, then we will have a stable economy, reproducing every year the same things. We will stop straining ourselves worrying about development or growth. How naïve they were! One more reason to be reluctant about predicting the future. No doubt they were wiser than me, but even they made such a mistake!” NeedsYearsMindHumansMadeReasonGrowthMistakeWorryEconomyDoubtEconomicCenturyDevelopmentSatisfiedNo DoubtExceptionTemporaryStableWiserEconomic GrowthReluctant19th CenturyHuman NeedsPredictingPredicting The FutureReproducing Author:Zygmunt Bauman