A Quote by James Cook

The rate of inflation can't be judged accurately by a few items the government arbitrarily chooses to measure.

James Cook

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Accurately Chooses Few Government Inflation Items Judged Measure Rate

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James Cook
British - Explorer
October 27, 1728 - February 14, 1779

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

Adi Godrej

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

Franklin Raines

Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.

Urjit Patel

In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.

Paul Ormerod

If we cannot accurately measure poverty, we surely cannot accurately measure our efforts to tackle it.

Mo Ibrahim

People (a group that in my opinion has always attracted an undue amount of attention) have often been likened to snowflakes. This analogy is meant to suggest that each is unique - no two alike. This is quite patently not the case. People, even at the current rate of inflation - in fact, people especially at the current rate of inflation - are quite simply a dime a dozen. And, I hasten to add, their only similarity to snowflakes resides in their invariably and lamentable tendency to turn, after a few warm days, to slush.

Fran Lebowitz

Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary.

Peter Schiff

The essence of the problem is that the war against inflation is over, ... Ever since 1979 the Fed was fighting a war against inflation, and you always knew which way you wanted the inflation rate to go over the long run -- down.

Paul McCulley

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.

Milton Friedman

Generally, successful fads have some kind of play value, like the Frisbee, Slinky, Silly Putty, my Wallwalker. They're generally inexpensive items, impulse items. They tend to be rather useless items, too. They provide a few minutes of amusement.

Ken Hakuta

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.

Ben Bernanke

When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

Ronald Reagan

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

Raghuram Rajan

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.

Charlie Munger

The central predictions of the quantity theory are that, in the long run, money growth should be neutral in its effects on the growth rate of production and should affect the inflation rate on a one-for-one basis.

Robert Lucas, Jr.

You measure a government by how few people need help.

Patricia Schroeder

A Quote by James Cook

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