During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.
A lot of people realize "I don't have to work in this job that I'm miserable at every year, or every day, and I don't have to live in, for example, New York City where it's super expensive and if I live somewhere else that is less expensive and could pursue my passion like, I can afford to do that."
Less is always more. The best language is silence. We live in a time of a terrible inflation of words, and it is worse than the inflation of money.
Many a family, in order to make a 'proper showing,' will commit itself for a larger and more expensive house than is needed, in an expensive neighborhood. Almost everyone would, it seems, like to keep up with the Joneses.
The intelligence community is so vast that more people have top secret clearance than live in Washington. The U.S. will spend more on the war in Afghanistan this year, adjusting for inflation, than we spent on the Revolutionary War, the War of 1812, the Mexican-American War, the Civil War and the Spanish-American War combined.
Obamacare will never work. It's very bad, very bad health insurance. Far too expensive. And not only expensive for the person that has it, unbelievably expensive for our country.
You know, I still live in my neighborhood. I live in Brooklyn and the same neighborhood, so I don't really get star treatment like that. I'm still Vanessa from the neighborhood.
We believe that our truly urgent need is to make our nation secure, our economy strong and our dollar sound. For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies.
You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.
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.
No American is prepared to attend his own funeral without the services of highly skilled cosmeticians. Part of the American dream, after all, is to live long and die young.
Nowadays when a person lives somewhere, in a neighborhood, the place is not certified for him. More than likely he will live there sadly and the emptiness which is inside him will expand until it evacuates the entire neighborhood. But if he sees a movie which shows his very neighborhood, it becomes possible for him to live, for a time at least, as a person who is Somewhere and not Anywhere.
I was never a 'bad' kid, but I did get into minor juvenile trouble. Look, I grew up in Brooklyn. This was the '60s, and the neighborhood was rapidly changing and not without its problems. All the kids of the neighborhood 'did their thing,' breaking windows and the like. I was no different.
It is expensive to live in hotels, even cheap ones - more expensive than renting.
During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up.
In the American political lexicon, 'change' always means more of the same: more government, more looting of Americans, more inflation, more police-state measures, more unnecessary war, and more centralization of power.