Popular quotes about Inflation! Wisdom and inspiration are here!
The essence of the problem is that the war against inflation is over, ... Ever since 1979 the Fed was fighting a war against inflation, and you always knew which way you wanted the inflation rate to go over the long run -- down.
Paul McCulleyMost people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.
Charlie MungerIf a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
Henry HazlittIt's good news that he is proposing to restore budget cuts that he made, but the reality is that he is still proposing a 4.5 percent increase in tuition that's above inflation.
James RosapepeArtificial inflation of stocks must be considered a crime as serious as counterfeiting, which it closely resembles.
Andre MauroisThanksgiving. It proved you had survived another year with its wars, inflation, unemployment, smog, presidents. It was a grand neurotic gathering of clans: loud drunks, grandmothers, sisters, aunts, screaming children, would-be suicides. And don't forget indigestion. I wasn't different from anyone else: There sat the 18-pound bird on my sink, dead, plucked, totally disemboweled. Iris would roast it for me.
Charles BukowskiGovernment has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you -- either by direct taxes, or by the cruelly indirect tax of inflation.
John WayneIn the American political lexicon, 'change' always means more of the same: more government, more looting of Americans, more inflation, more police-state measures, more unnecessary war, and more centralization of power.
Ron PaulThe natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.
Murray RothbardThe ultra-right would have us believe that families are in trouble because of humanism, feminism, secular education, or sexual liberation, but the consensus of Americans is that what tears families apart is unemployment, inflation, and financial worries.
Letty Cottin PogrebinWhen my family moved from Ireland in the 70s, Britain was such a difficult place to be Irish. It was a decade of real social and economic upheaval in Britain. There were strikes, the three-day week, the oil crises, huge inflation, the winter of discontent and, what was it, four Prime Ministers? And relations between Britain and Ireland at that time were at an all-time low. I was born in the year of Bloody Sunday and of course the pub bombings happened in the mid-1970s.
Maggie O'FarrellThe risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.
William J. ClintonWhat precisely is this disease that causes inflation and all these other troubles? It has many popular names, such as socialism, communism, state interventionism, and welfare statism.
Leonard ReadCash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.
Suze OrmanBond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.
Bill GrossInflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
Ludwig von MisesBetween 1965 (the beginning of LBJ's "Great Society") and 1994, welfare spending has cost the taxpayers $5.4 trillion in constant 1993 dollars. The War on Poverty has cost us 70 % more than the total price tag for defeating both Germany and Japan in World War II, after adjusting for inflation. Many believe that Welfare has destroyed millions of families and cost a huge portion of our national wealth in the process.
Rush LimbaughThere may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one.
Friedrich August von HayekThrowing Ronald Reagan out of office at the height of his popularity, with inflation and interest rates down, the economy moving and the country at peace, would have required God on the ticket and She was not available!
Geraldine FerraroWell, I think the global economy is in the position for continuing good growth with inflation well in check.
John W. SnowWhoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
James A. GarfieldProlonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment.
Henry HazlittHowever, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation.
Tim BishopWe haven't had a world war in a long time. We do have mass movements of people out of Syria and North Africa. But, fundamentally, if you take Japan, you're complaining that the economy isn't booming, they'd like to have slightly higher inflation.
Michael BloombergA strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.
Robert RubinInflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.
Michael HudsonOnce the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.
Peter SchiffWe asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
Shimon PeresMonetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.
Murray RothbardListening to Democrats complain about inflation is like listening to germs complain about disease.
Spiro T. AgnewInflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.
Ben BernankeLife is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing.. those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.
Noel WhittakerThe Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.
Henry Cabot LodgeWe cannot hope to achieve full employment and sustain it until we have mastered inflation.
Denis Healey