monetary policy quotes

I know the Federal Reserve Bank can continue to print more and more money… but city and state governments cannot.

The dollar has lost over 90 percent of its value since the Fed was created.

In the simplest terms, inflation occurs when there’s too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.

Deflation isn’t good, and inflation is easier to cure than deflation.

The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment… the European Central Bank has only the first. It has no commitment to keep employment up.