I have always found it interesting... that there are people who regard copyright infringement as a form of flattery.

Imitation is obviously a great form of flattery.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.

Knavery and flattery are blood relations.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get.

It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.

Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.

If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can count on.

Flattery is like cologne water, to be smelt, not swallowed.

The Evangelical party in the Church of Scotland will lay all flat if they be not prevented.

Flattery was one of Kissinger's principal tools in winning over Nixon, and a tool he employed shamelessly.

The reason I am so negative about the Federal Reserve's policies is that they only target core inflation and argue that they can't identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.

I found a favorite chord, which is B flat 7 - that's my favorite chord.