Monetary Policy Quotes

"The best way to destroy the capitalist system is to debauch the currency" "Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice." "Inflation is taxation without legislation." "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency" "Monetary policy is a powerful tool, but it cannot solve every economic problem." "Price stability is essential for the economy to realize its potential and to have sustainable growth." "The Federal Reserve's response to the crisis has been guided by our mandate to promote maximum employment and stable prices."