Inflation Quotes - page 3
The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.
David Malpass
Foreign debt and inflation have nothing to do with my decision. Indeed, I can assure you that [the Falklands war is] not going to alleviate inflation or debt. It is true that the Falklands have served to unite Argentines. But I swear and repeat that the idea of solving these issues through war has never crossed my mind.
Leopoldo Galtieri
The time has come to speak out. Britain is now locked in a vicious spiralling interest rates...The net result of completing the vicious circle is that prices have increased, the rate of inflation has gone up, the money supply has increased, unemployment has gone up, the rate of bankruptcies has increased, the industrial base has been further eroded, the Government's borrowing requirement has increased and as a result there is more pressure to raise interest rates yet again, to be followed inevitably by the same vicious circle. It is this that must be broken.
Edward Heath
No one can deny that today the major cause of the inflation from which we are suffering is the excessive wage demands... It is the responsibility of an employer, direct or indirect...if they go their own way and accede to irresponsible wage demands which damage their own firms and create a loss of jobs for those who work in them, then the Government are certainly not going to step in and rescue them from the consequences of their own actions.
Edward Heath
If inflation priced us out of world markets we should be back in the old nightmare of unemployment. What folly to risk throwing away all that we have gained. ... Our first duty at a time when there is more money about than goods to spend it on is to keep down Government expenditure. ... The second duty of the Government is to frame policies which encourage saving and discourage spending. ... in the long run there is only one answer to the 64,000 dollar question-to increase production. That is the answer. That is where the real hope lies.
Harold Macmillan
