A Quote by Margaret Thatcher
The lesson is clear. Inflation devalues us all.
Related Quotes
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.
The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.
It’s hard to build models of inflation that don't lead to a multiverse. It’s not impossible, so I think there’s still certainly research that needs to be done. But most models of inflation do lead to a multiverse, and evidence for inflation will be pushing us in the direction of taking [the idea of a] multiverse seriously.
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.
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.
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.
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 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.
American economists can't understand the German fear of inflation and the effects of inflation when dealing with the world economic crisis. They wonder why Germany pursues such a different course - 'Why can't they agree with us?' I would have thought it was fairly obvious.
The unique aspect of today's monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide.
Therefore, let us be patient, patient; and let God our Father teach His own lesson, His own way. Let us try to learn it well and quickly; but do not let us fancy that He will ring the school-bell, and send us to play before our lesson is learnt.
A bruise is a lesson... and each lesson makes us better.
Suffering is our best teacher because it
hangs onto us and keeps us in its grip
until we have learnt that particular
lesson. Only then does suffering let go. If
we haven’t learnt our lesson, we can be
quite sure that the same lesson is going
to come again, because life is nothing but
an adult education class, If we don’t pass
in any of the subjects, we just have to sit
the examination again. Whatever lesson
we have missed, we will get it again. That
is why we find ourselves reacting to
similar situations in similar ways many
times.
The First Continental Congress made its first act a prayer, the beginning of a great tradition. We have then a lesson from the founders of our land. That lesson is clear: That in the winning of freedom and in the living of life, the first step is prayer.
The greatest lesson I learned that year in Mrs. Henry's class was the lesson Dr. Martin Luther King, Jr., tried to teach us all: Never judge people by the color of their skin. God makes each of us unique in ways that go much deeper.
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.
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