If under these circumstances the F.O.M.C. is prepared to keep going, then this means that the committee is more worried about the longer-term risk of higher inflation than the shorter-term risk of a collapse in growth.


Edward McKelvey

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The courage of a soldier is found to be the cheapest and most common quality of human nature.
EDWARD GIBBON
Men greet each other with a sock on the arm, women with a hug, and the hug wears better in the long ...
EDWARD HOAGLAND
One of the weaknesses in the cooperative is that it has never been sufficiently leavened by the imag...
EDWARD DAHLBERG
The majority of persons choose their wives with as little prudence as they eat. They see a troll wit...
EDWARD DAHLBERG
Opera is when a guy gets stabbed in the back and instead of bleeding he sings.
EDWARD GARDNER
Man hoards himself when he has nothing to give away.
EDWARD DAHLBERG
There is a strange and mighty race of people called the Americans who are rapidly becoming the colde...
EDWARD DAHLBERG
Each mind is pressed, and open every ear, to hear new tidings, though they no way joy us.
EDWARD FAIRFAX
The thing that impresses me most about America is the way parents obey their children.
EDWARD WINDSOR
There is only one optimist. He has been here since man has been on this earth, and that is man himse...
EDWARD STEICHEN
Photography records the gamut of feelings written on the human face, the beauty of the earth and ski...
EDWARD STEICHEN
The use of the term art medium is, to say the least, misleading, for it is the artist that creates a...
EDWARD STEICHEN
Photography suits the temper of this age -- of active bodies and minds. It is a perfect medium for o...
EDWARD WESTON
Persistent people begin their success where others end in failure.
EDWARD EGGLESTON
The past is the only dead thing that smells sweet.
EDWARD THOMAS
Intellectual sodomy, which comes from the refusal to be simple about plain matters, is as gross and ...
EDWARD DAHLBERG
Corruption, the most infallible symptom of constitutional liberty.
EDWARD GIBBON
We can only write well about our sins because it is too difficult to recall a virtuous act or even w...
EDWARD DAHLBERG
Truth, naked, unblushing truth, the first virtue of all serious history, must be the sole recommenda...
EDWARD GIBBON
Unprovided with original learning, unformed in the habits of thinking, unskilled in the arts of comp...
EDWARD GIBBON
Ethics must begin at the top of an organization. It is a leadership issue and the chief executive mu...
EDWARD HENNESSY
The laws of probability, so true in general, so fallacious in particular.
EDWARD GIBBON
Animals are stylized characters in a kind of old saga -- stylized because even the most acute of the...
EDWARD HOAGLAND
Animals used to provide a lowlife way to kill and get away with it, as they do still, but, more intr...
EDWARD HOAGLAND
There is hardly a man on earth who will take advice unless he is certain that it is positively bad.
EDWARD DAHLBERG
The worst of all diseases is a nervous ability.
EDWARD DYSON
Ambition is a Dead Sea fruit, and the greatest peril to the soul is that one is likely to get precis...
EDWARD DAHLBERG
When you come to the end of all the light you know, and it's time to step into the darkness of the u...
EDWARD TELLER