Steve Forbes Quotes
When you get inflation, you get massive distortions of the economy.
Malcolm S. [Steve] Forbes, Jr., Publisher Forbes Magazine, Candidate for Republican Presidential Nominee, Speech, National Libertarian Convention, Las Vegas, August 8, 2010
Sourced by: Eigen's Political and Historical Quotations
COLA means Cost Of Living Adjustment, where wages, or payments of some kind are increased periodically to keep up with inflation. Most of those who call for COLAs do not claim that they fight inflation. For them the purpose is not to allow a particular group of people to get hurt by inflation. COLAs strictly speaking do not create inflation since they are only activated by inflation that was otherwise created. However, they certainly accelerate the inflation just like every price or wage increase during a time of inflation.
His “Real Plan” had stopped the Brazilian hyperinflation when he was Finance Minister.
Malcolm Stevenson "Steve" Forbes Jr. is an American publishing executive and politician. Forbes was a candidate in the 1996 and 2000 Republican presidential primaries. Forbes is the Editor-in-Chief of Forbes, a business magazine. Forbes is the son of longtime Forbes publisher Malcolm Forbes, and the grandson of that publication's founder, B.C. Forbes. He is an adviser at the Forbes School of Business & Technology.