Chanda Kochhar Quotes

Inflation is taxation without legislation.

High interest rates are the cruelest taxes of all.

The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.

Fiscal crises often turn into financial crises, dealing a blow to the real economy.

A man in debt is so far a slave.

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.

Anybody who has ever been in business, anybody who has ever paid bills, anybody who has ever lived in a serious adult life knows that indebtedness is a killer.

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.

But the fact that we had to devalue by 40% at once means that Malawians are feeling the shock, the impact of that huge devaluation and particularly rural people, the poor are the ones that are going to be most affected. That is why there is the austerity plan.

Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight.

One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.

There is scarcely anything that drags a person down like debt.

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.

If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.

If stocks double but the dollar loses half its value, who beyond Wall Street are the winners and losers?

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.

Today's gasoline prices are taking a severe toll on Americans' pocketbooks. Consumers are anxious.

Credit card interest payments are the dumbest money of all.

Inflation is the crabgrass in your savings.

Debt can be the most addictive thing in the universe, and it can kill you. You get used to living high off the hog. It was intoxicating.

If interest rates don't come down, there is going to be bloody retribution, not from government, but from the people .... The market likes high rates. the market's keeping the price artificially high to increase profits.

Inflation eats away at ties that bind us together as a people.

With inflation, debts and bills fly to the sky

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

Debt is the prolific mother of folly and of crime; it taints the course of life in all its dreams.