Deflation Quotes
Word Lists
See also Core English Vocabulary (D) List-
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that wi...
Thomas Jefferson
Keywords: allow :: american :: and :: are :: armies :: banking :: banks :: believe :: by :: control :: corporations :: currency :: dangerous :: deflation :: ever :: first :: if :: inflation :: institutions :: issue :: liberties :: more :: of :: our :: people :: private :: standing :: than :: that :: the :: their :: then :: to :: willSubject: Banks QuotesSource: quotationspage.com -
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Andrew Groves
