Maxime Bernier Quotes

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

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

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.

The natural tendency of the state is inflation.

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.

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

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

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.

And the trajectory that our debt is taking now beyond $14 trillion is going to have an impact on our currency. It goes south, and our currency's going to have an impact on our standard of living and affect every family in this country, and over time, our international competitiveness.

Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall change in consumer prices.

Inflation is the crabgrass in your savings.

Domestic inflation reflects domestic monetary policy.

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

Our system works best if the value of money stays the same.

Whip Inflation Now

Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis.

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lower bands are the tolerance levels specified by the government. If we breach those for three consecutive quarters, we need to inform the government of why that happened and what we propose to do to bring inflation within the two bands.

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.

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.

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

Well, I think what we need to remember is that budget deficits can impede economic activity.