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Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

I've made a commitment that state spending in Vermont won't grow any more than the rate of inflation plus population growth.

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.

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.

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

Money is like manure: if you don't spread it around, nothing grows.