Popular quotes about Inflation! Wisdom and inspiration are here!
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
Ludwig von MisesIn the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue.
Nicholas DeakFor society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on fighting inflation. In doing so it came down heavily in favour of those with financial assets to protect, and against those whose primary need was employment.
Linda McQuaigIt was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul VolckerGovernment policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.
Ludwig von MisesAlthough most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Janet YellenInflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are cause and effect, they feed on each other!
Henry HazlittWhen runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis.
Nick ClooneyIf one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.
Ludwig von MisesInflation is the parent of unemployment and the unseen robber of those who have saved.
Margaret ThatcherI think the country could be spared a lot of agony and the government could worry about inflation and a lot of other problems if [Nixon would] go on and resign. [There is] no question that an admission of making false statements to government officials and interfering with the FBI and the CIA is an impeachable offense.
William J. ClintonWe are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.
Herbert HooverEvery portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.
Suze OrmanIn the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.
Peter ThielCash - 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 OrmanWe are a people trying not only to solve the problems of the present: unemployment, inflation... but we are attempting on a larger scale to fulfill the promise of America.
Barbara JordanAfter adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. ย By comparison, the average real income of the other 95% of households grew less than 10%.
Janet YellenI find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.
Barry RitholtzAnger is the common refuge of insignificance. People who feel their character to be slight, hope to give it weight by inflation: but the blown bladder at its fullest distention is still empty.
Hannah MoreHowever, 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 BishopNo one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
Mark ZandiSoundbite and slogan, strapline and headline, at every turn we meet hyperbole. The soaring inflation of the English language is more urgently in need of control than the economic variety.
Trevor NunnI do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
Friedrich August von HayekIf unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
William VickreyInvesting solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.
Gerald M. LoebInflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald ReaganContrary to Pikettyโs rentier hypothesis, I donโt see anyone on the [Forbes 400 list of the wealthiest Americans] whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone - through instability, inflation, taxes, philanthropy, and spending.
Bill GatesOnce the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.
Paul OrmerodThe theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages.
Naomi KleinInflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.
Robert HiggsInflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
Robert OrbenInflation 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 WhittakerHaving examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
Murray RothbardIf grade inflation continues, a college bachelor's degree will have just as much credibility as a high school diploma.
Walter E. WilliamsThe basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.
Ben Bernanke