Greg Ip Quotes

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

The natural tendency of the state is inflation.

I understand how the economy actually works.

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.

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.

The Federal Reserve cannot solve all the economy's problems on its own.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

There are limits to monetary policy.

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.

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

The rich countries seem to need 5 or 6 percent unemployment to make the economy hum.

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

Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.

It's extremely hard for the economy to grow when the workforce is shrinking.

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

Monetary policy is one of the most difficult topics in economics. But also, I believe, a topic of absolutely crucial importance for our prosperity.

While monetary policy can contribute to growth by supporting a durable expansion in a context of price stability, it cannot reliably affect the long-run sustainable level of the economy's growth.

As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.

I really want to focus on economic growth and growing the economy.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

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.

We believe that - the President believes that the economy will continue to grow, that the economy will continue to create jobs, and that we need to do everything we can to enhance that growth and enhance that job creation.

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

The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated.

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.