Jerry A. Webman Quotes

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.

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.

Inflation is taxation without legislation.

Production is the only answer to inflation.

This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs.

Prices always soar when there is a Congress government.

How is the economy supposed to recover when people can't afford to fill the tank?

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.

What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water.

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.

To face deflation, you have to have people accepting it and not reacting to it.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

As America's head coach, President Obama needs to make some big and smart adjustments to jump-start economic growth and business investment, stimulate job creation, and get wages up for ordinary Americans.

The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.

Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

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'm an economist by training. And I know that what works is a permanent increase in buying power.

You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you're trying to get out of a recession.

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.

At the end of 1964, wholesale prices had been relatively stable for some years.