A Quote by Marek Belka

With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we're probably observing, then I hope that people will also get less worried about the future of inflation.
Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
People are worried about their bodies. They're worried about disease. They're worried about how they are able to get out and participate in the world.
One of the big changes in politics has been because families, individuals, have felt worried, insecure... worried about the economy, worried about their jobs, worried about their kids' futures... actually the disconnect between the public and media discourse and people's everyday concerns has become bigger not smaller.
I'm not worried about state parks. I'm worried about people who can't be treated because they have schizophrenia or other mental illnesses out there. I'm worried about people.
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.
The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.
Honesty works against you in the entertainment field. I try to be a journalist and a documentarian, but that doesn't mean that people are going to embrace it at the moment. The point is I'm leaving the mark of my hysteria and the political hysteria, and that's it... I can only do what I do.
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
I'm extremely worried. I'm worried about the survival of our species, worried about what we're doing, worried about being Americans, worried about depletion of resources. On the other hand, we are trying. We are trying to understand our impact on the environment.
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.
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