Inflation Quotes - Page 13

• Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.

  Ron Paul

  Government, People, Suffering

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• Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.

  John James Cowperthwaite

  Running, Government, Balance

  Official Report of Proceedings of the Hong Kong Legislative Council (p. 249), March 29, 1967.

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• "Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.

  William Poundstone

  Race, Average, Track

  "Fortune's Formula". Part Three, Arbitrage, This Is Not the Time To Buy Stocks, p. 134. Book by William Poundstone, 2005.

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• Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.

  Paul Ormerod

  Skills, Lunch, Luck

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.

  James Chanos

  Cash Flow, Office, Doe

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• The ultra-right would have us believe that families are in trouble because of humanism, feminism, secular education, or sexual liberation, but the consensus of Americans is that what tears families apart is unemployment, inflation, and financial worries.

  Letty Cottin Pogrebin

  Believe, Worry, Feminism

  Letty Cottin Pogrebin (1983). “Family politics: love and power on an intimate frontier”, McGraw-Hill Companies

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• Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.

  Bill Gross

  Dollars, Sanity, Creditors

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• When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation's lower than expected, bonds go up.

  Ray Dalio

  Growth, Higher, Expected

  Speech at the Corporate Program's CEO Speaker Series, www.cfr.org. September 12, 2012.

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• 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.

  Steven Rattner

  Impact, Income, Benefits

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• Adjusted for inflation, somebody going to college today to a state university, is paying about 300 percent of what her mom or dad did just 30 years ago.

  Elizabeth Warren

  Mom, Dad, College

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• Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

  Bill Gross

  Gdp, Growth, Debt

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• Nothing disturbs me more than the downward trend of productivity in our nation today. The consequences of a decrease in productivity are a diminished standard of living, higher labor costs, less competitive prices, and more inflation.

  Robert S. Strauss

  Wisdom, Cost, Trends

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• 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 Mises

  Commodity Prices, People, Investing

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

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• Inflation is really like drugging the baby universe with speed. The supercool union of the hitherto unfriendly gods was blessed by amphetamine, and this made the universe inflate rather than just expand. The early orgy of expansion in the universe comes to an abrupt end as soon as the supercooled particle stuff finally freezes.

  Joao Magueijo

  Baby, Blessed, Expansion

  Joao Magueijo (2011). “Faster Than The Speed Of Light: The Story of a Scientific Speculation”, p.152, Random House

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• Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
  "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.

  Milton Friedman

  Real, Years, Significant Change

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• But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.

  John Chamberlain

  Wisdom, Moving, Car

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• Her heart the damned thing had begun to race and she only hoped that the rapid inflation and deflation of her chest wasn't visible beneath her fitted bodice.

  Anna Godbersen

  Heart, Race, Deflation

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• For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.

  Suze Orman

  Retirement, Years, Play

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• No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.

  Milton Friedman

  Bankers, Rapids, Increase

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• The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but dont fix the underlying problems.

  David Malpass

  Powerful, Commitment, Swings

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• And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.

  Kevin Brady

  Jobs, America, Focus

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• It makes no difference to a widow with her savings 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 tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.

  Warren Buffett

  Zero, Real, Years

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• The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.

  Murray Rothbard

  Thinking, Welfare, Natural

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• You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

  Paul Krugman

  Example, Runaway, Old Fashioned

  "Why Paul Krugman thinks inflation fears are baloney". Interview with Paul Solman, www.pbs.org. November 3, 2014.

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• There's one thing that the Fed has been really good at cracking down on, and that's inflation.

  Paul Krugman

  Feds, Has Beens, One Thing

  "Why Paul Krugman thinks inflation fears are baloney". Interview with Paul Solman, www.pbs.org. November 3, 2014.

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