Inflation Quotes - Page 10

• The 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 Klein

  Games, Expectations, Roles

  "The Shock Doctrine: The Rise of Disaster Capitalism". Book by Naomi Klein, 2007.

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• Much of American wealth is an illusion which is being secretly gnawed away and much of it will be completely wiped out in the near future....So what is the rest of your future? A grisly list of unpleasant events -- exploding inflation, price controls, erosion of your savings (eventually to nothing), a collapse of private as well as government pension programs, and eventually an international monetary holocaust which will sweep all paper currencies down the drain and turn the world upside down.

  Howard Ruff

  Erosion, Government, Holocaust

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

  Ronald Reagan

  Believe, Hangover, Thinking

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• If 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 Vickrey

  Years, Would Be, Unemployment

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• 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.

  Paul Volcker

  Double Standard, Feds, Terrible

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• Workers' wages are not keeping up with inflation. Their wages are not on pace with the amount of work that they do. We work harder and longer in America and still people's wages are not keeping up with that.

  Nina Turner

  Hard Work, America, People

  Source: www.glamour.com

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• We gotta control inflation, quit spending our money on everything. But this years tax increase, why it's the biggest in history.

  Hank Williams, Jr.

  Years, Politics, Quitting

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• Inflation, being a fraudulent invasion of property, could not take place on the free market.

  Murray Rothbard

  Invasion, Free Market, Property

  Murray Newton Rothbard (1981). “What Has Government Done to Our Money?”, p.48, Ludwig von Mises Institute

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• I got quarters in my loafers trying to fight inflation when it only used to take a cent.

  Jimmy Buffett

  Fighting, Trying, Politics

  "Song: 'We Are The People Our Parents Warned Us About'". 1983.

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• When 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 Clooney

  Class, Germany, Nazi

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• The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

  Ben Bernanke

  Fighting, Bankers, Benefits

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• If we have wealth, it will be protected from inflation and possibly even enhanced in value.

  William Greider

  Wealth, Protected, Ifs

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• 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.

  Elizabeth Hardwick

  Marriage, Running, Men

  Seduction and Betrayal: Women and Literature "Amateurs" (1974)

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• Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.

  John Stossel

  Real, Cancer, Moving

  "Arrogant Conceit". townhall.com. December 24, 2008.

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• It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.

  Walter E. Williams

  Wise, Law, Government

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• Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable.

  Seth Klarman

  Strong, Recovery, Tough Times

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• We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.

  Warren Buffett

  Fighting, Choices, Situation

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

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• We 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 Bloomberg

  War, Japan, Long

  Source: asia.nikkei.com

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• A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.

  John Kenneth Galbraith

  Government, Innovation, Too Much

  Source: progressive.org

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• You can't view inflation as a perception issue. Price rise should be seen as a reality. What is available for a consumer should be seen for what it is. There should never be an attempt to view price rise as a perception issue as a means of escaping the reality of price rise.

  Narendra Modi

  Mean, Reality, Escaping

  Source: www.huffingtonpost.in

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• When women take off their corsets and heighten their skirts it always means high inflation and low morals.

  James Laver

  Women, Mean, Skirts

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• She [Comedy] it is who proposes the correcting of pretentiousness, of inflation, of dulness, and of the vestiges of rawness and grossness to be found among us. She is the ultimate civilizer, the polisher, a sweet cook.

  George Meredith

  Sweet, Rawness, Comedy

  George Meredith (1956). “The Egoist: A Comedy in Narrative”, p.4, Library of Alexandria

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

  Mark Zandi

  Rising, Today, Economy

  Source: www.washingtonpost.com

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• Deficit spending is simply a scheme for the confiscation of wealth.

  Alan Greenspan

  Money, Gold, Wealth

  "Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.

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• 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.

  Franklin Raines

  Moving, Long, Individual

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