A Quote by Milton Friedman

[U]nemployment is ... a side effect of the cure for inflation.

Milton Friedman

Quote Topics

Cure Effect Inflation Side

Quote Author

Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.

Ronald Reagan

Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are cause and effect, they feed on each other!

Henry Hazlitt

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.

Janet Yellen

Whenever you read a cancer booklet or website or whatever, they always list depression among the side effects of cancer. But, in fact, depression is not a side effect of cancer. Depression is a side effect of dying.

John Green

We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.

Warren Buffett

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.

Ludwig von Mises

God put self-pity by the side of despair like the cure by the side of the disease.

Albert Camus

There is no cure for fictional character love, but the plus side is that it is an entirely benign disease with no bad side effects.

Cassandra Clare

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.

Ludwig von Mises

We have known about the placebo effect for many years. This is a remarkable effect - placebo can cure 30 percent in many cases.

Matthieu Ricard

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.

Janet Yellen

Deflation isn't good, and inflation is easier to cure than deflation.

Robert Kiyosaki

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.

Janet Yellen

depression is not a side effect of cancer. Depression is a side effect of dying.

John Green

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.