Inflation Quotes - Page 2

• Inflation takes from the ignorant and gives to the well informed.

  Venita VanCaspel

  Giving, Ignorant, Economics

  Venita VanCaspel (1986). “Money dynamics for the new economy”, Simon & Schuster

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• Inflation is taking up the poverty line, and poverty is not just economic but defined by way of health and education.

  Azim Premji

  Way, Poverty, Lines

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• Inflation is repudiation.

  Calvin Coolidge

  Economy

  Calvin Coolidge (2001). “The Price of Freedom: Speeches and Addresses”, p.110, The Minerva Group, Inc.

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• When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

  Ronald Reagan

  Mistake, Government, Years

  Ronald Reagan (1993). “Actor, Ideologue, Politician: The Public Speeches of Ronald Reagan”, Greenwood Publishing Group

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• The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

  Vladimir Lenin

  Crush, Interesting, Political

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• Inflation is the one form of taxation that can be imposed without legislation.

  Milton Friedman

  Business, Political, Taxation

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• Bankers know that history is inflationary and that money is the last thing a wise man will hoard

  Will Durant

  Wise, Men, Banking

  Will Durant, Ariel Durant (2012). “The Lessons of History”, Simon and Schuster

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• The most sinister of all taxes is the inflation tax and it is the most regressive. It hits the poor and the middle class. When you destroy a currency by creating money out of thin air to pay the bills, the value of the dollar goes down, and people get hit with a higher cost of living. It's the middle class that's being wiped out. It is most evil of all taxes.

  Ron Paul

  Cost Of Living, Air, Class

  Ron Paul at GOP primary debate at the Maytag Auditorium in Johnston, Iowa, www.nytimes.com. December 12, 2007.

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• The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

  Ludwig von Mises

  Important, Elements, Disease

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.72, Ludwig von Mises Institute

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• Production is the only answer to inflation.

  Chester Bowles

  Answers, Productions

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• Inflation is always and everywhere a monetary phenomenon.

  Milton Friedman

  Economics, Economist, Monetary Policy

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.272, Houghton Mifflin Harcourt

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• Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

  Ayn Rand

  Government, People, Support

  Ayn Rand (1988). “The Ayn Rand Lexicon: Objectivism from A to Z”, p.234, Penguin

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• Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

  Ludwig von Mises

  Government, Rising Prices, Trying

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

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• Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.

  Ella T. Grasso

  Dollars, Cost, Destroying

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• Inflation hasn't ruined everything. A dime can still be used as a screwdriver.

  H. Jackson Brown, Jr.

  Funny, Money, Dimes

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• The best way to destroy the capitalist system is to debauch the currency.

  Vladimir Lenin

  Interesting, Distribution Of Wealth, Way

  "Lenin's Lesson for Frequent Fliers" by Matthew C. Klein, www.bloomberg.com. September 26, 2013.

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• Having a little inflation is like being a little pregnant.

  Leon Henderson

  Pregnancy, Littles, Economics

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• Inflation is the senility of democracies.

  Sylvia Townsend Warner

  Democracy, Economics, Senility

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• Inflation is the crabgrass in your savings.

  Robert Orben

  Saving, Investment, Savings

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• Strictly speaking, it probably is not “necessary” for the federal government to tax anyone directly; it could simply print the money it needs. However, that would be too bold a stroke, for it would then be obvious to all what kind of counterfeiting operation the government is running. The present system combining taxation and inflation is akin to watering the milk; too much water and the people catch on.

  Ron Paul

  Running, Government, People

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• Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.

  Milton Friedman

  Mistake, Trying, Bankers

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• Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

  Warren Buffett

  Medicine, Economic, Barrels

  Warren Buffett's annual letter to shareholders., www.berkshirehathaway.com. February 28, 2009.

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• 

  I believe that banking institutions are more dangerous to our liberties than standing armies.

  Thomas Jefferson

  Money, Believe, Army

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• Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

  Murray Rothbard

  Giants, Currency, Raises

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• If higher unemployment is the price we have to pay in order to bring inflation down, then it is a price worth paying.

  Norman Lamont

  Order, Unemployment, Pay

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