Ben Bernanke Quotes

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

Inflation is everywhere and anywhere a monetary phenomenon.

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

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.

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

Inflation is the crabgrass in your savings.

It's sort of like a teeter-totter; when interest rates go down, prices go up.

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

The best measure of inflation is what is happening with commodity prices.

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

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

Inflation is taxation without legislation.

It was the biggest inflation and the most sustained inflation that the United States had ever had.

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

When you get inflation, you get massive distortions of the economy.

No one single thing that we do will control inflation

Americans have seen the value of the dollar slowly decline due to the steady erosion of inflation.

A nickel ain't worth a dime anymore.

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

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

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.

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

Production is the only answer to inflation.

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