Big problem Quote by Greg Ip

The essence of the problem is that the war against inflation is over, ... Ever since 1979 the Fed was fighting a war against…

— Paul McCulley

We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in…

— Nina Easton

I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General…

— Leonard Woodcock

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central…

— Ben Bernanke

“President John F. Kennedy, like Lincoln, attempted to curtail the bankers by diminishing the power of the Federal Reserve. In June 1963, he issued…

— Jim Marrs

To the extent that the Trump administration doesn't like a strong dollar, something has got to give, and just yelling at other countries for…

— Austan Goolsbee

“There was another reason why the dollar's hegemony grew: the intentional impoverishment of America's working class. A cynic will tell you quite accurately that…

— Yanis Varoufakis

Modern conservatism was forged in the crucible of the 1970s inflation crisis, and in the aftermath of the 2008 financial crash many conservatives were…

— Ross Douthat

“Almost every Fed chairman in the past 60 years has manipulated interest rates to brighten the economic outlook for incumbent presidents or newly elected…

— Ziad K. Abdelnour

“In January 1971 he startled the newsman Howard K. Smith by telling him, "I am now a Keynesian in economics," and in August he…

— James T. Patterson

I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.

— Charles L. Evans

Monetary policy causes booms and busts.

— Edward C. Prescott