Arthur Laffer Quotes

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.

People forget how difficult it is to stop inflation or get it under control… I worry about it all the time.

You have to change people’s minds to stop inflation.

Let's turn inflation over to the post office. That'll slow it down.

The natural tendency of the state is inflation.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

There's no such thing as a painless cure for inflation.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

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

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

During the past two decades, inflation has fallen to a low level in major industrial countries.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

Governments can inflate their way out of debt, but that has consequences, doesn't it?

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.