Loading ...
“If a policy of active or permissive inflation is to be a fact, then we can rescue the shreds of our self-respect only by announcing the policy. That is the least of the canons of decency that should prevail. We should have the decency to say to the money saver, ‘Hold still, Little Fish! All we intend to do is gut you.’”
Malcolm Bryan, President of Atlanta Federal Reserve Bank, 1956