Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed. ↗
So with the end of the Cold War, it became increasingly obvious that there was no basis upon which any decision was being made, not in the White House, and certainly because of that, not in the Congress. ↗
I'm very proud to be black, but black is not all I am. That's my cultural historical background, my genetic makeup, but it's not all of who I am nor is it the basis from which I answer every question. ↗
It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it. ↗
You tend to meet on a more regular basis with people in your industry, and reality being what it is, you tend to meet with them at the particular level that you occupy; so that develops a fraternity relationship. ↗
The nervous system and the automatic machine are fundamentally alike in that they are devices, which make decisions on the basis of decisions they made in the past. ↗