Inflation is lower and more stable and the real business cycle fluctuations are more modest.Quote by Martin Feldstein about affair, real estate
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.Quote by Martin Feldstein
We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.Quote by Martin Feldstein
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.Quote by Martin Feldstein about experience
Why has this improvement in inflation and in the business cycle occurred? I think the answer is better monetary policy, better central banking.Quote by Martin Feldstein about affair
With sound monetary policy, the increases in import prices are offset by lower inflation for domestically produced goods and services.Quote by Martin Feldstein
The 1st panacea of a mismanaged nation is inflation of the currency; the 2nd is war. Both bring a temporary prosperity; a permanent ruin.Quote by Ernest Hemingway about prosperity, nation, war
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.Quote by Ernest Hemingway about prosperity, nation, war
We asked the workers to give up 25 percent of their salaries. Imagine, we asked the industrialists to freeze all costs, no matter what the inflation is.Quote by Shimon Peres about work, salary, workers
Too much indulgence in school is a kind of value inflation.Quote by George Calinescu about school, value