Apples Quote by Arthur Laffer

“I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.”

Arthur Laffer

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Apples Bumper Crops Fall Feds Five Increase Inflation Monetary Next Prospects Serious Seven Six Ten Thinking Time Values Years

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