"I'm an advocate for buying few, but very good quality pieces of clothing, and if you do that you need to take care of them."

Next Quote

The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.

— Paul Volcker