"I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it."
"Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy."
"The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before."
"The first panacea for a mismanaged nation is inflation of the currency the second is war. Both bring a temporary prosperity both bring a permanent ruin. But both are the refuge of political and economic opportunists."
"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."