Inflation Quotes
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It's clear that the true problems of our Nation are much deeper - deeper than gasoline lines of energy shortages, deeper even than inflation or recession. And I realize more than ever that as President I need your help. So, I decided to reach out and listen to the voices of America.
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The bond market has been zigzagging this year. Every time the Fed acts, and the feeling in the market is that the economy is going to bounce back strongly, it causes pain for bonds because it threatens inflation.
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Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.
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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.
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Let's turn inflation over to the Post Office. That'll slow it down.
