Inflation Quotes - page 8
Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
Suze Orman
Cagan's adaptive mechanism for explaining expectations of inflation has sometimes been criticized as an ad hoc formulation that is inconsistent with the hypothesis that expectations are rational. In this paper, we have showed that conditions exist under which adaptive expectations are fully rational.
Thomas J. Sargent
An alternative "rational expectations” view denies that there is any inherent momentum in the present process of inflation. This view maintains that firms and workers have now come to expect high rates of inflation in the future and that they strike inflationary bargains in light of these expectations.
Thomas J. Sargent
There are a number of imperfections in the new South Africa where I would have hoped that things would be better, but on balance I think we have basically achieved what we set out to achieve. And if I were to draw balance sheets on where South Africa stands now, I would say that the positive outweighs the negative by far. There is a tendency by commentators across the world to focus on the few negatives which are quite negative, like how are we handling AIDS, like our role vis-à-vis Zimbabwe. But the positives – the stability in South Africa, the adherence to well-balanced economic policies, fighting inflation, doing all the right things in order to lay the basis and the foundation for sustained economic growth – are in place.
F. W. de Klerk
There is an island fantasy a 'Someday Ill.' Well never see when recession stops, inflation ceases. Our mortgage is paid, our pay increases. That Someday Ill where problems end. Where every piece of mail is from a friend. Where the children are sweet and already grown... Most unhappy people... put happiness on 'lay away.' And struggle through a blue today... Lifes most important revelation Is that the journey means more than the destination.
Denis Waitley
This sensitivity to the phenomena of recession and inflation is a symptom of an increased public awareness of both the need for and the attainability of economic progress. It is precisely because so much of current industrial and governmental practice can be better in the future that our meetings this year are focused on the broad problem of improving the performance of the American economy. However, as we go about the task of appraisal and criticism, it will be well to discipline our impatience for reform. In the measure that we avoid exaggerating our nation's failures or understating its successes, we shall make it easier for ourselves as well as for economists in other countries to see current needs and developments in a just perspective.
Arthur F. Burns
!-- I think everything depends on money. How much money does the administration want to put forth to do this kind of exploration. And I think the amount we're getting now is about what we're going to get in the future. I don't see that changing very much and so I think we'll take that money and use it to build a space station. Then we'll use it to make it a little better and then when money frees up of that amount, then we'll try to decide what we can do with that money then.
I don't think we're going to see a sudden jump in the budget other than inflation. It will keep going with inflation. So I don't see anything for a while. It's going to be an orderly movement and that's okay. That's the way history is. --> History has spurts and then is steady, and then maybe even backing up a step, and then forward again.
Alan Bean
Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses. And, in times of inflation, the rate-of-return concept comes up against the problem of assets undervalued in terms of replacement. Nevertheless, no other financial principle with which I am acquainted serves better than rate of return as an objective aid to business judgment. This principle had governed the thinking of the Finance Committee of General Motors since 1917.
Alfred P. Sloan
What we hear about eternal inflation or the string landscape, seems somehow unavoidably to lead to some kind of multiverse. However, it seems to me there is a fundamental problem there. Once of course you have the multiverse, then you can start playing around and try to find probability or getting to the anthropic principle, or whatever. But the point is that the picture is essentially a classical one, and it is difficult to see that if you have many universes, coming essentially with an inflationary state, that there would not be plenty of horizons in this. Now the quantum mechanics of horizons is, I think, perfectly not understood. The simplest example is the black hole, where after all nobody knows really if the problem lies in the singularity or if it lies really already in the horizon.
Francois Englert
