Monetary policy Quotes

"The word “disinflation” has been coined in order to avoid the unpopular term “deflation”.…I suppose that presently when “disinflation” also wins its bad name, the Chancellor [Sir Stafford Cripps] will call it “non-undisinflation” and will start again."

"The Federal Reserve's response to the crisis has been guided by our mandate to promote maximum employment and stable prices."

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency"

"Monetary policy is a powerful tool, but it cannot solve every economic problem."

"Inflation is taxation without legislation."

"The best way to destroy the capitalist system is to debauch the currency"

"Price stability is essential for the economy to realize its potential and to have sustainable growth."

"Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice."

"Achieving maximum employment and price stability will require a patient approach"