Leon Henderson Quotes

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.

The natural tendency of the state is inflation.

The higher interest and higher inflation is a vicious cycle.

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.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

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

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.

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

The history of interest rates is really the history of inflation. When inflation is high, interest rates are high, and when inflation is low, interest rates are low.

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

Attempting to control inflation or protect the dollar by throwing legions of people out of work and shutting down shifts in our factories and mines is a hopeless policy.

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

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

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

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

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

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

Inflation is everywhere and anywhere a monetary phenomenon.

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

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.

No one single thing that we do will control inflation

Whip Inflation Now