Marc Faber Quotes

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

The global economy is in pretty good shape.

Inflation is everywhere and anywhere a monetary phenomenon.

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

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

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

In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.

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.

Only a strong economy can create higher asset values and sustainably good returns for savers.

Certainly, 9 percent unemployment and very slow growth is not a good situation.

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

I'm an economist by training. And I know that what works is a permanent increase in buying power.

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

Here in Australia we do get impacted by global economic events. But we should have some confidence that our economy has got strong underlying fundamentals.

I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world.

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Requiring the Fed to focus on preserving the purchasing power of the dollar will create a solid foundation for economic growth.

The emerging economies, many of them are concerned. They didn't want the money to slosh in. They are afraid when the money sloshes out, but the tapering has to take place, and we have to be able to manage it.

The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.

More and more people realize the importance of economic growth, near-term and long-term in the U.S., and the competitiveness with other countries around the world.

The Adversity Index was created by msnbc.com and Moody's Analytics to track the economic fortunes of states and metro areas. Each month, the Adversity Index uses government data on employment, industrial production, housing starts and home prices to label each area as expanding, at risk of recession, in recession or recovering.

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

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.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

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.