Inflation Quotes - Page 11

• They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

  Franklin Raines

  Moving, Believe, Average

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• Just imagine, more than half of the young people in the European Union do not have jobs. How can one explain that? How can one explain that to a working family, that produces goods and services, those who produce the olive oil that is a a main source of food in any European country? They humbly work the land with great effort and then the little resources they had saved in banks have now become dust simply because they did not have the means to withstand inflation produced by the adjustment policies.

  Alejandro Castro Espin

  Country, Jobs, Mean

  "The Future of Cuba". Interview with Lasonas Pipinis Velasco, www.counterpunch.org. February 27, 2015.

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• 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.

  Greg Ip

  Country, Moving, President

  "Analyzing the long-term value of Trump’s Carrier agreement". "PBS NewsHour" with Judy Woodruff, www.pbs.org. December 1, 2016.

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• Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.

  Bill Gross

  Believe, Thinking, Action

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• In the popular mind, if Hoyle is remembered it is as the prime mover of the discredited Steady State theory of the universe. "Everybody knows" that the rival Big Bang theory won the battle of the cosmologies, but few (not even astronomers) appreciate that the mathematical formalism of the now-favoured version of Big Bang, called inflation, is identical to Hoyle's version of the Steady State model.

  Fred Hoyle

  Appreciate, Mind, Battle

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• Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

  Ludwig von Mises

  Demand, Cash, Increase

  "The Free Market and Its Enemies". Ludwig von Mises' speech to the Foundation for Economic Education, 1951.

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• If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most of those who will retire at the end of the century will be dependent on the charity of the younger generation. And ultimately not morals but the fact that the young supply the police and the army will decide the issue: concentration camps for the aged unable to maintain themselves are likely to be the fate of an old generation whose income is entirely dependent on coercing the young.

  Friedrich August von Hayek

  Real, Fate, Army

  "The Constitution of Liberty". Book by Friedrich Hayek, Part III. Freedom in the Welfare State, Chap. 19 : Social Security, 1960.

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• I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.

  Charlie Munger

  Thinking, Government, Long

  Charlie Munger's remarks at the 2004 Wesco Annual Meeting in Pasadena, California, www.tilsonfunds.com. May 5, 2004.

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• I see almost no change in the price of the composite product that flows through Costco I don't feel sorry for the people who pay $27 million for an 8,000-square-foot condo in Manhattan. So inflation comes in places.

  Charlie Munger

  Sorry, Squares, Feet

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• Soundbite 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 Nunn

  Needs, Language, Economic

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• The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.

  Murray Rothbard

  Running, Fire, Games

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• I think the minimum wage outght to keep pace with inflation. I think the minimum wage is a good thing to have in our country and I think it ought to be updated.

  Mitt Romney

  Country, Thinking, Pace

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• It was shameful that, after Haiti, Colombia was the second most unequal country in Latin America. But we've achieved some things; the inequality is coming down, and coming down fast. The growing economy has provided us with the funds to finance a very progressive social policy that has reduced extreme poverty. We have the lowest inflation rate of all Latin-America countries and the highest growth rate.

  Juan Manuel Santos

  Country, Latin, America

  "'Waging War Is More Popular than Negotiating'". Interview with Juliane von Mittelstaedt and Helene Zuber, www.spiegel.de. May 21, 2014.

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• The well-being of the British people and the health of our economy are far more important than any government's commitment to a particular strategy, but to change course now would be fatal to the whole counter-inflation strategy.

  Geoffrey Howe

  Commitment, Government, People

  "Chancellor determined not to change course in the fight against inflation". The Times, March 11, 1981.

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• The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.

  Nigel Lawson

  Monday, People, Black

  Speech to the Conservative Party Conference, October 13, 1988.

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• Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too much excess capacity in the world.

  Gary Shilling

  Thinking, Excess, World

  Source: www.sfgate.com

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• If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. ... There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it, we need it in order to get some fiscal stimulus.

  Paul Krugman

  Twilight, Order, Space

  "Paul Krugman Calls for Space Aliens to Attack Earth Requiring Massive Defense Buildup to Stimulate Economy". "Fareed Zakaria GPS", www.newsbusters.org. August 14, 2011.

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• Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.

  Timothy Geithner

  Country, Strong, Independent

  "This Week" with George Stephanopoulos, abcnews.go.com. March 29, 2009.

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• If you're a poor worker - this is for new workers coming into the workplace - your benefits will increase at the current rate of increase. If you're a wealthier worker, your benefits would increase at the rate of inflation. And those changes would affect positively the unfunded liabilities inherent in Social Security.

  George W. Bush

  Benefits, Workplace, Poor

  Source: www.aarp.org

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• Inflation could be a very - is a likely consequence out of what's going on now.

  Warren Buffett

  Consequence

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

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• Let's turn inflation over to the Post Office. That'll slow it down.

  Mo Udall

  Office, Turns, Posts

  "Morris K. Udall, Fiercely Liberal Congressman, Dies at 76" by Richard Severo, www.nytimes.com. December 14, 1988.

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• The essence of any plan for financing old age is saving-to put aside some part of today's earnings for the future. Anything that saps the value of savings-and inflation is the worst single threat-is the enemy of the aged and of those who expect to grow old.

  Bernard Baruch

  Essence, Enemy, Age

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• Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

  Walter Wriston

  Rising Prices, Essentials, Wages

  1986 Risk and Other Four-Letter Words.

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• Tax reduction has an almost irresistible appeal to the politician, and it is no doubt also gratifying to the citizen. It means more dollars in his pocket, dollars that he can spend if inflation doesn't consume them first. But dollars in his pocket won't buy him clean streets or an adequate police force or good schools or clean air and water. Handing money back to the private sector in tax cuts and starving the public sector is a formula for producing richer and richer consumers in filthier and filthier communities. If we stick to that formula we shall end up in affluent misery.

  John W. Gardner

  Mean, School, Cutting

  John W. Gardner (1971). “The Recovery of Confidence”

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• I regard the inflation acts as wrong in all ways. Personally I am one of the noble army of debtors, and can stand it if others can. But it is a wretched business.

  Rutherford B. Hayes

  Army, Debtors, Noble

  "Diary and Letters of Rutherford Birchard Hayes". Book by Rutherford B. Hayes, 1922 - 1926.

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