“There is no means of avoiding the final collapse of a boom brought about by credit expansion.”— Ludwig von Mises
“Persistent government deficits are inflationary because they are ultimately monetized.”— Thomas J. Sargent
“The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.”— Ben Bernanke
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.”— Alan Greenspan
“The pursuit of full employment and the pursuit of price stability are not always compatible.”— Arthur F. Burns
“A determined government can always generate higher spending and hence positive inflation.”— Ben Bernanke
“The dominant feature of the economic landscape in recent years has been the persistence of inflation.”— Arthur F. Burns
“The main thing we are trying to thread the needle on is, can we get inflation down without a recession.”— Austan Goolsbee
“An economy in the grip of inflation is an unhappy economy, and... a society falling prey to the ravages of inflation is an unhappy society.”— Arthur F. Burns