1970s Quote by Nina Easton

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions -…

— Janet Yellen

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

Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

— Kevin Brady

Inflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of…

— Robert Higgs

Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.

— Ella T. Grasso

Inflation makes the wealthiest people richer and the masses poorer.

— James Cook

The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a…

— Steven Rattner

Inflation is taxation and taxation is theft that takes more money out of hard-working Americans' pocket books.

— Lauren Boebert

“The arithmetic makes it plain that inflation is afar more devastating tax than anything that has been enacted by our legislature. The inflation tax…

— Janet Lowe

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high…

— Martin Feldstein

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

The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment,…

— Henry Hazlitt