Gap Quote by Urjit Patel

Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall…

— Janet Yellen

Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead…

— Ludwig von Mises

Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control…

— Friedrich August von Hayek

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements…

— Ludwig von Mises

Domestic inflation reflects domestic monetary policy.

— Martin Feldstein

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

— Kevin Brady

Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.

— Henry Hazlitt

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form…

— Walter Wriston

“The analysis of the /General Theory /shows that inflation is a real, not a monetary, phenomenon. It operates in two stages (once more giving…

— Joan Robinson

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

— Ludwig von Mises

It's hard to put a figure on what level of inflation is appropriate. But I strongly feel that we would not be able to…

— Fumio Kishida

It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the…

— Jared Bernstein