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Well, I think the global economy is in the position for continuing good growth with inflation well in check.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

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.

Inflation is taxation 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.

Deflation isn't good, and inflation is easier to cure than deflation.

I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.