Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Sentiment: NEGATIVE
To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.
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.
Violence is for mugs. War is for mugs.
Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
It's better to get mugged than to live a life of fear.
Monetary policy causes booms and busts.
Inflation is lower and more stable and the real business cycle fluctuations are more modest.
Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.