With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation. (Arthur Laffer)

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

Arthur Laffer

Related topics

classic economy goods inflation money shrinking double-whammy

Related quotes

We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.

Jeffrey D. Sachs

In a community wherepublic services have failed to keep abreast of private consumption things are very different. Here, in an atmosphere of private opulence and public squalor, the private goods have full sway.

John Kenneth Galbraith

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.

Ron Chernow

As farmers or owners, the poor peasants possess a piece of land. The excellent means of transport enables them often to sell their goods. At the very worst they can mostly provide their own food.

Herman Gorter

I have two very cogent reasons for not printing any list of subscribers - one, that I have lost all the names, - the other, that I have spent all the money.

Samuel Johnson