A Quote by Arthur Laffer
Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.
Related Quotes
If you are looking for a hedge for potential inflation for the future and have a longer term view, then gold is still a good bet.
One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.
The big question isn't whether you have problems; the all-important factor is your attitude toward problems. How you think of the problem is more important than the problem itself.
The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.
I'm of those who believe that excesses in all matters are not a good idea, whether it's formation of bubbles, whether it's excess in the financial market, whether it's excess of inequality, it has to be watched, it has to be measured, and it has to be anticipated in terms of consequences.
I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.
I've been concerned about ethics in government for a long time. And the problems we've had under President Trump are only indicative of the longer-term problem of the erosion of public office and government.
Perl is another example of filling a tiny, short-term need, and then being a real problem in the longer term.
I'd rather have happiness than money. People ask for it. Sometimes when I don't have it. I make other people's problems my problem because they want me to; they ask me to.
I always make things worse than they are or create problems that aren't there. And going and doing some simple task becomes a problem. I start imagining problems that aren't there. What people are going to think, who's going to judge me and am I going to be good enough? Am I worthy?
We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.
One way of pointing to this realization is, when you think you have big problems, ask yourself, "What problem do I have at this moment?" Usually, you will find that you don't have a problem at this moment because you're sitting here and you're breathing, you're looking out the window, and it's fine.
To those men and women in business, remember the ultimate end of your work: to make a better product, to create better lives. I ask you to plan for the longer term and avoid that temptation of quick and easy paper profits.
I focused my mind and energies on short-term Trump problems, which allowed me to avoid thinking about my own long-term Trump problem of having given him the benefit of the doubt for more than a decade, despite having many reasons not to.
Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
We do have to take the long-term view. And long term, the question to ask ourselves is whether America should attack others pre-emptively, whether she should embroil herself in wars far away from our soil, and try to bring democracy by force to the rest of the world.
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