Quotes About Inflation

In 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.

To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.

The new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created.

Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.

Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.

Things there are no solution to: Inflation, bureaucracy & dandruff.

Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.

If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

Quantitative easing prints money & causes inflation.

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.

Bond 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.

In the long run wives are to be paid in a peculiar coin — consideration for their feelings. As it usually turns out this is an enormous, unthinkable inflation few men will remit, or if they will, only with a sense of being overcharged.

Between 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.

Invest in inflation. It is the only thing going up.

The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.

Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.

There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.

People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.

Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.

I 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.

Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians in power to resist the constant demands for further inflation.

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

I believe Sharia law, however it comes, is the future for America. I believe, one day, that the people will adopt it anyway. A lot of issues we're looking at now are already enshrined within the Sharia. For instance, the gold standard for when dealing with inflation and a lack of confidence with the stocks and shares, which has been prevalent for the last many decades. All of that is prohibited in Islam.

Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get.

The most obvious and yet the oldest and most stubborn error on which the appeal of inflation rests is that of confusing ‘money’ with ‘wealth’…Real wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in. It is railways and roads and motor cars; ships and planes and factories; schools and churches and theaters; pianos, paintings and books. Yet so powerful is the verbal ambiguity that confuses money with wealth, that even those who at times recognize the confusion will slide back into it in the course of their reasoning.

Back in the '60s, for example, just as inflation was beginning to be a big problem, Presidents J.F.Kennedy and Lyndon Johnson would often publicly browbeat companies for raising prices and threatening to move federal defense purchases to different countries.

They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression.

An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

Hot air expands, and seriously pompous attitude is the inflation of choice by those lacking substance.