He stated that "There is only one way to end inflation: by drastically reducing the rate of increase of the quantity of money ..." and that "... cutting government spending is by far and away the most desirable way to reduce the fiscal deficit, because it ... strengthens the private sector thereby laying the foundations for healthy economic growth".
On je naveo da "Postoji samo jedan način da se okonča inflacija: drastično smanjenje stope porasta količine novca ..." i da je "... rezanje državne potrošnje daleko najpoželjniji način smanjenja fiskalnog deficita, jer ... jača privatni sektor i time postavlaju se temelji za zdrav gospodarski rast ".