Inflation Quotes

Quotes tagged as "inflation" (showing 1-30 of 31)
Tamora Pierce
“I forgot my purse of laughter when I dressed this mornin'," she told me. "Have you not bought anythin' the last few days? Prices have gone up. Pay or starve, it's all one to me.”
Tamora Pierce, Bloodhound

“Silence can be breathing space and spawn release and wellness in a time of appalling inflation of words. But silence may be intolerably screaming, if it means absence of communication, deficiency in friendship and emotional deficit. (« A gap of silence”)”
Erik Pevernagie

“Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and 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 Garfield

Alan Guth
“It’s hard to build models of inflation that don't lead to a multiverse. It’s not impossible, so I think there’s still certainly research that needs to be done. But most models of inflation do lead to a multiverse, and evidence for inflation will be pushing us in the direction of taking [the idea of a] multiverse seriously.”
Alan Guth

Jung Chang
“...Inflation had risen to the unimaginable figure of just over 100,000 percent by the end of 1947--and it was to go to 2,870,000 percent by the end of 1948...”
Jung Chang, Wild Swans: Three Daughters of China

Milton Friedman
“Inflation is taxation without representation.”
Milton Friedman

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”
Sam Ewing

Jay Leno
“I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve already done it. It’s called a nickel.”
Jay Leno

William F. Buckley Jr.
“The individualist insists that drastic depressions are the result of credit inflation; (not excessive savings, as the Keynesians would have it) which at all times in history has been caused by direct government action or by government influence. As for aggravated unemployment, the individualist insists that it is exclusively the result of government intervention through inflation, wage rigidities, burdensome taxes, and restrictions on trade and production such as price controls and tariffs. The inflation that comes inevitably with government pump-priming soon catches up with the laborer, wipes away any real increase in his wages, discourages private investment, and sets off a new deflationary spiral which can in turn only be counteracted by more coercive and paternalistic government policies. And so it is that the "long run" is very soon a-coming, and the harmful effects of government intervention are far more durable than those that are sustained by encouraging the unhampered free market to work out its own destiny.”
William F. Buckley Jr., God and Man at Yale: The Superstitions of 'Academic Freedom'

Milton Friedman
“Inflation is always and everywhere a monetary phenomenon.”
Milton Friedman, Money Mischief: Episodes in Monetary History

Jeffrey Tucker
“In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.
It is time for a new beginning.”
Jeffrey Tucker

Amit Kalantri
“Today it is cheaper to start a business than tomorrow.”
Amit Kalantri, Wealth of Words

Henry Hazlitt
“Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.”
Henry Hazlitt, Economics in One Lesson: The Shortest & Surest Way to Understand Basic Economics

Henry Hazlitt
“The demoralization that the debase­ment of the currency left in its wake played a major role in bring­ing Adolf Hitler into power in 1933.”
Henry Hazlitt

Toba Beta
“Inflation creates bubble and burst.
That develops world economy, and will destroy it too.”
Toba Beta, Master of Stupidity

John Ralston Saul
“In reality high profits tend much more to raise the price of (a piece of) work than high wages. (quoting Adam Smith - ch.
(III - From Corporatism to Democracy)”
John Ralston Saul, The Unconscious Civilization

Leslie Cockburn
“There are a lot of people missing in Iraq. Just the other day I heard of somebody asking $250,000 ransom for an Egyptian. Can you imagine? An Egyptian. That’s inflation. This war,” he said, leaning closer to her, “is all about money.”
Leslie Cockburn, Baghdad Solitaire

Herbert Hoover
“We have gold because we cannot trust governments”
Herbert Hoover

Christopher Hitchens
“Lefever describes his financing plan with modesty:

"'Our detailed budget is realistic, but does not take into account the inflation that may occur before September 1983. The one place it could cut or reduce is item 7, the simultaneous interpreter services, if these services could be provided gratis by the U.S. government.'"

"In other words, the only way to make a saving on a U.S.-subsidized project is to take money out of another U.S.-subsidized column.”
Christopher Hitchens

Milton Friedman
“Inflation is taxation without legislation”
Milton Friedman

Warren Buffett
“the arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her saving in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation, or pays no income taxes during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leave her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 120 percent income tax, but doesn't seem to notice that 5 percent inflation is the economic equivalent.”
Warren Buffett

John Maynard Keynes
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
John Maynard Keynes, The Economic Consequences of the Peace

“Inflation consists of subsidizing expenditures that give no returns with money that does not exist.”
Jacques Rueff

“We should be disciplined and responsible and then our prosperity will be stable despite any economic crisis, inflation or a change of government”
Sunday Adelaja

Coreen T. Sol
“A tax dollar paid today is far more expensive than one paid in future dollars. With inflation, money becomes less valuable over time because of the cost of goods increases.”
Coreen T. Sol, Practically Investing: Smart Investment Techniques Your Neighbour Doesn't Know

Kathryn Edin
“The most obvious manifestation of the affordable housing crisis is in rising rents. Between 1900 and 2013, rents rose faster than inflation in virtually every region of the country and in cities, suburbs, and rural areas alike. But there is another important factor at work here that is an even bigger part of the story than the hikes in rent: a fall in the earnings of renters. Between 2000 and 2012 alone, rents rose by 6 percent. During that same period, the real income of the middling renter in the United States fell 13 percent. What was once a fissure has become a wide chasm that often can't be bridged.”
Kathryn Edin, $2.00 a Day: Living on Almost Nothing in America

D.M. Shiro
“...We would see people wanting to work, not for pennies on the dollar, or to try and keep up with inflation, but because their Government is taking care of them. The people make up the country, not the money. The money is a profiteering system which works more like a secondary reward.”
D.M. Shiro, The Grate

John Maynard Keynes
“--he, indeed, who gave fewest pledges to Fortune, has yet suffered her heaviest visitations.”
John Maynard Keynes

J. Andrew Schrecker
“Births and cancer treatments are so expensive, it's a luxury to live, a privilege to die.”
J. Andrew Schrecker, Post-Millennium Rhapsody

Jonathan Riley-Smith
“It is clear that the crusade imposed on its participants extraordinary stresses. In an alien environment they experienced not only the perils of warfare, but also inflation, poverty, starvation, disease and death. They were often frightened and homesick. The knights among them were humiliated as they lost status without their arms and horses. Most of the leaders had nagging financial worries. It is not hard to understand their obsession with horses and their desire for loot.”
Jonathan Riley-Smith, The First Crusade and the Idea of Crusading

« previous 1