Customer Quote by Martin Feldstein
“We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.”
About This Quote
Source Speech: Economic Policy Remarks, 2005
Temporarily higher costs can curb inflation, yielding lasting economic stability.
In simple terms: Short‑term pain for long‑term gain.
Accept short‑term sacrifices for lasting stability.
Themes
Mood
Type
When to use this quote
- budget planning
- business pricing
- government spending
- personal finance
Key Concepts
Questions to Reflect On
- How do you balance short‑term pain with long‑term benefit?
- What costs are acceptable to achieve price stability?
If inflation falls, the temporary cost may still be politically unpopular.