Congressman Tom Price (R-GA) issued the following statement after Federal Reserve Chairman Ben Bernanke indicated that the central bank will likely restart efforts to stimulate the economy by printing more money (known as quantitative easing).

“These days, Washington seems to think creating debt or creating dollars are the same as creating jobs,” said Congressman Price. “But printing money does not create jobs or wealth. It just leads to inflation, which robs Americans of their hard-earned savings. We need to step away from the printing press and stop devaluing the dollars that families and businesses work so hard to earn.

“American families and businesses already do not know what to expect on taxes, health care, and other regulatory costs moving forward. Adding inflation fears into the mix will only compound the job-killing uncertainty that has overtaken our economy. To get Americans back to work, we need to cut spending in Washington, reduce the tax burden that threatens families and small businesses, and reassure job creators that the federal government is not going to keep expanding its size, scope, and power.