Inflation Quotes - Page 16

This law represents a cornerstone in a structure which is being built but is by no means completed--a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy--a law to flatten out the peaks and valleys of deflation and of inflation--in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness.

Franklin D. Roosevelt

Mean, Government, Law

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That our popular art forms have become so obsessed with sex has turned the U.S.A into a nation of hobbledehoys; as if grown people don't have more vital concerns, such as taxes, inflation, dirty politics, earning a living, getting an education, or keeping out of jail.

Anita Loos

Art, Sex, Dirty

Anita Loos, Ray Pierre Corsini (1985). “Fate keeps on happening: adventures of Lorelei Lee and other writings”

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After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.

Janet Yellen

Real, Average, Income

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With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.

Catherine Austin Fitts

Clever, Printing Money, Unemployment

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What the Fed is really trying to say is that it doesn't know what it is going to do next. And if the markets abhor anything, it is uncertainty. Expect bond and stock market volatility to increase from here until the inflation outlook solidifies.

Scott Anderson

Trying, Next, Volatility

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I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.

Leonard Woodcock

Country, Might, Administration

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Contrary to Piketty’s rentier hypothesis, I don’t see anyone on the [Forbes 400 list of the wealthiest Americans] whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone - through instability, inflation, taxes, philanthropy, and spending.

Bill Gates

America, Land, Long

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The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.

Janet Yellen

Zero, Home, Average

Janet Yellen's Speech At the Conference on Economic Opportunity and Inequality at the Federal Reserve Bank of Boston in Boston, Massachusetts, www.federalreserve.gov. October 17, 2014.

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But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

John W. Snow

Strong, Gdp, Numbers

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Venezuelans are tired of 14 years of promises and no results. The only things growing are inflation, murder and crime. The good indicators - production, education and jobs - are all falling.

Henrique Capriles Radonski

Jobs, Fall, Tired

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Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

Ben Bernanke

Struggle, Risk, Economy

"Ben Bernanke’s Secret Code" by Kevin Drum, www.motherjones.com. November 16, 2010.

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We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.

Shimon Peres

Giving Up, Salary, Cost

"Israel's Statesman of Peace". The Academy of Achievement, www.achievement.org. May 2, 2003.

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We don't have a major problem right now in our country, and life is normal. Things like unemployment, which the youth are suffering from, and the rate of inflation - these are chronic conditions and we have to solve them.

Akbar Hashemi Rafsanjani

Country, Suffering, Unemployment

"Iran's ex-president: U.S should show goodwill". Interview with Barbara Slavin, usatoday30.usatoday.com. February 6, 2005.

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The problem is that because the voucher wouldn't necessarily keep up with health care inflation, it was estimated that this would cost the average senior about $6,000 a year.

Barack Obama

Senior, Average, Years

"The First presidential debate between President Obama and Republican nominee Mitt Romney, in Denver". www.npr.org. October 3, 2012.

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No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some control of income and prices. Otherwise the struggle for more consumption and more income to sustain it-a struggle that modern corporations, modern unions and modern democracy all facilitate and encourage-will drive up prices. Only heavy unemployment will then temper this upward thrust. Not many wish to confront the truth that the modern economy gives a choice only between inflation, unemployment, or controls.

John Kenneth Galbraith

Struggle, Giving, Choices

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Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.

John Conyers

America, Citizens, Care

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If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

Murray Rothbard

Government, Gold, Tickets

"Taking Money Back" by Murray Rothbard, The Freeman, September-October 1995.

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For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.

Ian Macfarlane

Strong, Past, Average

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I am not against a little inflation.

Manny Shinwell, Baron Shinwell

Littles, Economics

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To prefer paper to gold is to prefer high risk to lower risk, instability to stability, inflation to steady long term values, a system of very low grade performance to a system of higher, though not perfect performance.

William E. Rees

Perfect, Long, Risk

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The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.

Hans F. Sennholz

Age, Gold, Littles

Hans F. Sennholz (1979). “Age of inflation”

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What I'm trying to say is that for the average investor, what I would encourage them to do is to understand there's inflation and growth - it can go higher and lower - and to have four different portfolios essentially that make up your total portfolio that gets you balanced.

Ray Dalio

Average, Growth, Trying

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

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Given the rest of the economic news, including the fact that GDP growth is positive, inflation is still low, jobless claims are still moving downward and temporary services are firming up, that means the recovery continues, and we hope it will continue in a more robust fashion.

Elaine Chao

Fashion, Moving, Recovery

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Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true.

Charles M. Vest

Education, Technology, Agency

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The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

Ludwig von Mises

Progress, Income, Making Money

Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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