Gerald R. Ford Quotes

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

Domestic inflation reflects domestic monetary policy.

We simply cannot check inflation by keeping people out of work.

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.

No one single thing that we do will control inflation

I'm against using Petrobras to combat inflation.

No one thinks of controlling inflation of a continental-sized country by holding back municipal tariffs. Macroeconomic stability cannot be achieved through microeconomic intervention.

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.

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

By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.

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

I reject the advice of those who think the only way to fight inflation is to throw millions of people out of work .... I guarantee you that I will not fight inflation with your jobs.

There's no such thing as a painless cure for inflation.

The natural tendency of the state is inflation.

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

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

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.

A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.

We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.

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

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

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.

I have never believed that central banks should have rigid inflation targeting. That is not a good thing to stabilize. There is nothing in economic theory to back this.