Inflation Quotes - Page 17

• This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.

  Carroll Quigley

  Fear, Persistence, Evil

  Carroll Quigley (1966). “Tragedy and Hope: A History of the World in Our Time”, New York : Macmillan [c1966]

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• Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .

  Ludwig von Mises

  Government, Cogs, Arbitrary

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.428, Skyhorse Publishing, Inc.

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• To reverse the trend and reduce the role of government in our lives, and thus alleviate the government deficit and inflation pressures, is a giant educational task. The social and economic ideas that gave birth to the transfer system must be discredited and replaced with old values of individual independence and self-reliance. The social philosophy of individual freedom and unhampered private property must again be our guiding light.

  Hans F. Sennholz

  Educational, Philosophy, Self

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

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• Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.

  Janet Yellen

  Cutting, Yale, Grease

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• The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.

  Ludwig von Mises

  Country, Order, Government

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• Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations.

  Tim Harford

  Real, Book, Player

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• You may have noticed that society is rapidly going downhill. Inflation, lack of fuel and even war cast deep shadows over the world. And the most serious part of this is that drugs, both medical and street drugs, have disabled a majority of those who could have handled it, including the political leaders, and have even paralyzed the coming generations.

  L. Ron Hubbard

  War, Leader, Political

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• Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

  Christina Romer

  Impact, Expectations, Growth

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• Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.

  Lawrence Reed

  Successful, Past, Gold

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• The President's policy proposal, known as 'chained CPI,' would re-calculate the cost of living for Social Security beneficiaries. That new number won't keep up with inflation on things like food and health care -- the basics that we need to live. In short, 'chained CPI' is just a fancy way to say 'cut benefits for seniors, the permanently disabled, and orphans.'

  Elizabeth Warren

  Senior, Cutting, Numbers

  "Elizabeth Warren ‘Shocked’ At White House Plan To Cut Social Security With Chained CPI" By Jason Linkins, www.huffingtonpost.com. April 10, 2013.

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