Steel prices cause inflation like wet sidewalks cause rain.
Having a little inflation is like being a little pregnant.
We now have the worst of both worldsnot just inflation on the one side or stagnation on the other, but both of them together.We have a sort of stagflation situation.
Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.
Webster's New World Dictionary of Quotations Copyright © 2010 by Chambers Harrap Publishers Ltd. All rights reserved. Published by Wiley, Hoboken, NJ. Used by arrangement with John Wiley & Sons, Inc.
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