Political Quotes

On the recordJanuary 6, 2011
I would just point out that we learned in the 1970s that we can have a lot of slack, weakness in the economy, and still have very high inflation.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey expresses concern about inflation despite economic slack.

Share

More from Pat Toomey

Jul 13, 2022

Last year, China conducted two hypersonic missile tests which the Chairman of the Joint Chiefs, General Mark Milley, described as being very close to a Sputnik moment for the United States.

congress.gov
Aug 1, 2022

Paychecks are not keeping up with rising prices. After adjusting for inflation, wages have declined 5 percent since President Biden took office.

congress.gov
Jul 13, 2022

If an American venture capital firm, for instance, is investing in a Chinese artificial intelligence company that has ties to the Chinese military, a technology transfer that is associated with that deal that included some kind of…

congress.gov
Dec 13, 2022

I think that there are a number of ways that you can go about creating a regulatory regime to take account of that risk.

congress.gov

Other voices in this conversation