There is no such thing as a riskless hedge against inflation.
You can't continue to have higher education tuition grow at a multiple of the rate of inflation.
The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
I oppose indexing gas tax hikes to inflation.
Below-target inflation increases the real value of debts owed by households and businesses and reduces the ability of central banks to respond to downturns.
Inflation is the one form of taxation that can be imposed without legislation.
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.
Inflation is taxation without legislation.
In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.
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.
However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation.
It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.
Historically, gold has always been a safe haven against inflation and a safe haven in times of political instability.
We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
