Raghuram Rajan Quotes

Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

As America's head coach, President Obama needs to make some big and smart adjustments to jump-start economic growth and business investment, stimulate job creation, and get wages up for ordinary Americans.

I'm an economist by training. And I know that what works is a permanent increase in buying power.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

Inflation is taxation without legislation.

Production is the only answer to inflation.

To face deflation, you have to have people accepting it and not reacting to it.

The person earning the federal minimum wage of $7.25 isn't going out to eat at restaurants. They're not taking piano lessons. They're not going to the gym or the yoga studio. They're not sending mom flowers on Mother's day. What good is this person in the economy? If you raise it to $15 an hour, they're doing all of those things.

The way China is looking to boost consumer spending is astounding. They are going to boost the minimum wage by 13 percent a year every year for five years... I don't know if people realize how dramatic that is.

The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.

What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.

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

The economy is showing encouraging signs of recovery.

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

Domestic inflation reflects domestic monetary policy.

Inflation is one form of taxation that can be imposed without legislation.

Inflation is everywhere and anywhere a monetary phenomenon.

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

I reject the advice of those who think the only way to fight inflation is to throw millions of people out of work .... I guarantee you that I will not fight inflation with your jobs.

A great deal of small change is useful in a state, and tends to reduce the price of small articles.

Our economy, in order to grow, needs people to spend.

The natural tendency of the state is inflation.

I believe most people think the economy is very important.

When you put more money in the pockets of working families, they spend it on groceries, gas, school supplies, and other goods and services. And that helps businesses grow and create jobs.

You can't create more jobs for an economy where the vast majority of people are hesitant and even afraid to spend and buy.