Gavyn Davies Quotes

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

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.

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

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.

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.

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

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

At the end of 1964, wholesale prices had been relatively stable for some years.

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

Having a little inflation is like being a little bit pregnant.

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.

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.

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

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.

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

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

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.

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

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

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.

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.

Inflation is the crabgrass in your savings.