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"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."
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"Of mankind we may say in general they are fickle, hypocritical, and greedy of gain."
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Personal Development

"Now I understand what was happening. I don't particularly gain water; I don't have water retention."
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Personal Development

"I certainly believe that we gain through open trade and liberalisation."
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Personal Development

"FDR created today's 30 percent coalition. Obama wants to finish the job by turning it into a permanent ruling majority. There's nothing new about the Obama Narrative. It is the FDR Narrative on steroids. It is intended to lead to greater statism and political gain."
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Personal Development

"Do not gain basely; base gain is equal to ruin."
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Personal Development

"Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another."
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Personal Development

"But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago."
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Personal Development

"I worked hard. I worked late. I went in early. I did everything I could to gain an advantage."
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Personal Development

"A mutual arrangement, I repeat, is the only satisfactory medium whereby the present system can be carried on with any degree of satisfaction, and in such an arrangement the employers have more to gain than the workers."
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Personal Development

"To mourn and bewail your ill-fortune, when you will gain a tear from those who listen, this is worth the trouble."
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Personal Development
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"I think that over the last few decades, we have seen better economic outcomes than in the past."
Past

"A second reason why science cannot replace judgement is the behavior of financial markets."
Science

"But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988."
Economy

"Domestic inflation reflects domestic monetary policy."
Policy

"To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world."
Finance

"We are particularly poor at the open economy issues."
Economy

"The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product."
Power

"First, I think the science of monetary economics has clearly gotten better."
Science

"Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like."
Home

"If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth."
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