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.
Sentiment: NEGATIVE
Inflation is taxation without legislation.
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
Inflation is the one form of taxation that can be imposed without legislation.
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.
Money has no utility to me beyond a certain point.
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
No, money is power.
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.
No opposing quotes found.