I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.
Arthur LafferRelated topics
apple base colonial crop falling fed five history increase inflation next present quite seven six ten times value years applesRelated quotes
This is nine! Nine! This is nine! Nine! This is ten! Ten! We have killed your friends! Every friend is now dead! This is six! Six! ... Eighteen! This is now eighteen! Take cover when the siren sounds! This is four! Four! ... Five! This is five! Ignore the siren! Even if you leave this room, you can never leave this room! Eight! This is eight!
Stephen King
The man who receives five thousand dollars a year wants six thousand dollars a year, and the man who owns eight or nine hundred thousand dollars will want a hundred thousand dollars more to make it a million, while the man who has his millions will want everything he can lay his hands on and then raise his voice against the poor devil who wants ten cents more a day.
Samuel Gompers
One of my conjectures was solved in six months, a second in five years, a third in ten. But the basic conjecture, despite heroic efforts rewarded by two Fields Medals, remains a conjecture, now called MLC: the Mandelbrot Set is locally connected. The notion that these conjectures might have been reached by pure thought - with no picture - is simply inconceivable.
Benoît Mandelbrot
As the years pass, and we look back on something which, at the time, seemed unbelievably discouraging and unfair, we come to realize that, after all, God was at all times on our side. The eventual outcome was, we discover, by far the best solution for us, and what we thought should have been to our best advantage, would in reality have been quite detrimental.
L. Frank Baum