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You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

Inflation is the one form of taxation that can be imposed without legislation.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

The power to regulate the value of money does not involve a power to dilute the value of money by inflation, an absurd and self-serving rendering.

A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.