Inflationary Expectations

Famous quotes containing the words inflationary and/or expectations:

“An alliance is like a chain. It is not made stronger by adding weak links to it. A great power like the United States gains no advantage and it loses prestige by offering, indeed peddling, its alliances to all and sundry. An alliance should be hard diplomatic currency, valuable and hard to get, and not inflationary paper from the mimeograph machine in the State Department.”
—Walter Lippmann (1889–1974)

“In a virtuous and free state, no rewards can be so pleasing to sensible minds, as those which include the approbation of our fellow citizens. My great pain is, lest my poor endeavours should fall short of the kind expectations of my country.”
—Thomas Jefferson (1743–1826)