Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.

Today is already the tomorrow which the bad economist yesterday urged us to ignore.

Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment.

The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes are even higher. They are nothing less than the future of human liberty, which means the future of civilization.

A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.

Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.

Everywhere the means is erected into the end, and the end itself is forgotten.