Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear. (Gavyn Davies)

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

Gavyn Davies

Related topics

dear hold inflation need problem deflation

Related quotes

My position and the state will never allow me to become a dictator, but an authoritarian style of rule is characteristic of me, and I have always admitted it. You need to control the country, and the main thing is not to ruin people's lives. View quote
Alexander Lukashenko
Don't hold yourselves cheap, seeing that the creator of all things and of you estimates your value so high, so dear, that he pours out for you every day the most precious blood of his only-begotten Son. View quote
Augustine of Hippo
If our best efforts come to nothing often enough, we need consolation, and thoughts of unfolding, infinite destiny, or karma, are sometimes consoling. View quote
Simon Blackburn
And no matter how serious an environmental problem the automobile poses in today's big city, the horse was dirtier, smelled worse, killed and maimed more people, and congested the streets just as much. View quote
Peter Drucker
We need to accept that we won't always make the right decisions, that we'll screw up royally sometimes - understanding that failure is not the opposite of success, it's part of success. View quote
Arianna Huffington