A Quote by Milton Friedman

Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.

Milton Friedman

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Always Avoid Bankers Being Big Big Mistake Central Central Bank Coaster Contraction Each Economy Every Every Time High Higher Inflation Last Low Mistake Money Much Over Printing Result Rising Roller Roller Coaster Stimulate Than Threat Time Too Too Much Too Much Money Try Will

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

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

Ben Bernanke

Once an economy reaches a certain level of acceleration... the Fed is no longer with you... The Fed, instead of trying to get the economy moving, reverts to acting like the central bankers they are and starts worrying about inflation and things getting too hot.

Stanley Druckenmiller

The problem is that we are trying to prepare people for the new economy using a higher education system built for the old economy. As a result, many high-skilled, high-paying industries suffer from a shortage of labor, while too many low-paying industries suffer from a surplus.

Marco Rubio

There is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one of the factors contributing to rising oil prices - which meant Americans were spending money on imported oil, rather than on things that would stimulate the american economy. Hiring Nepalese contractors in Iraq, moreover, doesn't stimulate the American economy in the way that building a school in America would do - and obviously doesn't have the long term benefits.

Joseph Stiglitz

With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.

Catherine Austin Fitts

This dilettante notion that the global economy is evil because big corporate leaders make too much money... they do make too much money, but the only way we've figured out how to generate wealth in this world is through the market economy.

Joe Klein

And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.

Arthur Laffer

An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

Mark Zandi

I have done the merry-go-round and I have ridden the roller-coaster. I have made my choice. I choose the roller-coaster. There is more risk when you choose the roller-coaster, but at least you will know you have lived.

Larry Winget

Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.

Manmohan Singh

Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.

Carlos Slim

I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.

John F. Kerry

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

Marc Faber

Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

Peter Schiff

The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.

Robert Haugen

Hold on to your wallets folks because with the passage of this trillion-dollar baby, the Democrats will be poised to spend as much as $3 trillion in your tax dollars. Taxpayers will be on the hook for spending that will stimulate the debt, stimulate the growth of government, but will do little to stimulate jobs or the economy.

Christopher Bond

A Quote by Milton Friedman

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