It has taken almost 50 years, but we're getting there

Paul Samuelson, writing in 1979:

Today’s inflation is chronic. Its roots are deep in the very nature of the welfare state. [Establishment of price stability through monetary policy would require] abolishing the humane society [and would] reimpose inequality and suffering not tolerated under democracy. A fascist political state would be required to impose such a regime and preserve it. Short of a military junta that imprisons trade union activists and terrorizes intellectuals, this solution to inflation is unrealistic—and, to most of us, undesirable.

From "The Evolution of U. S. Monetary Policy" by Robert L. Hetzel (2017). Hetzel's reference to Samuelson is:
Samuelson, Paul A. “Living with Stagflation” (1979) in Kate Crowley, ed., The Collected Scientific Papers of Paul A. Samuelson. vol. 5, no. 379, 1986, 972.