Inflation Quotes - Page 3

• Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.

  Robert Orben

  Luxury, Democracy, Firsts

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• Inflation is a form of tax, a tax that we all collectively must pay.

  Henry Hazlitt

  Pay, Form, Taxes

  20 Copy quote

• I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.

  Victor Borge

  Funny, Sarcastic, Money

  31 Copy quote

• I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

  William E. Simon

  Hate, Believe, People

  53 Copy quote

• If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

  Ray Dalio

  Country, Currency, Decline

  14 Copy quote

• In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

  Alan Greenspan

  Safety, Gold, Saving

  Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

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• The natural tendency of the state is inflation.

  Murray Rothbard

  Natural, States, Tendencies

  Murray N. Rothbard (2011). “Economic Controversies”, p.713, Ludwig von Mises Institute

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• It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

  Paul Volcker

  Unique, Gold, Boards

  53 Copy quote

• Inflation is a form of hidden taxation which it is almost impossible to measure.

  John J. Beckley

  Taxation, Impossible, Economy

  5 Copy quote

• Whoever controls the volume of money in any country is absolute master of all industry and commerce.

  James A. Garfield

  Country, Money, Democracy

  16 Copy quote

• I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

  Friedrich August von Hayek

  Thinking, Government, Exaggeration Is

  18 Copy quote

• If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.

  Thomas Sowell

  Government, Should Have, Republic

  9 Copy quote

• During inflation, Goodwill is the gift that keeps on giving.

  Warren Buffett

  Vacation, Giving, Mental Toughness

  10 Copy quote

• The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

  Alan Greenspan

  Mean, Rights, Understanding

  "Alan Greenspan wants the US to go back on the gold standard" by Bill Bonner, www.businessinsider.com. July 10, 2016.

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• Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.

  John Maynard Keynes

  Government, Sight, Important

  John Maynard Keynes (2011). “Essays in Persuasion”, p.77, W. W. Norton & Company

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• Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.

  Milton Friedman

  Investing, Output, Rapids

  Milton Friedman (1994). “Money Mischief: Episodes in Monetary History”, p.63, Houghton Mifflin Harcourt

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• You have never lost money in stocks over any 20-year period, but you have wiped out half your portfolio in bonds (after inflation). So which is the riskier asset?

  Jeremy Siegel

  Years, Investing, Half

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• We now know that inflation results from all that deficit spending.

  Ronald Reagan

  Economy, Results, Spending

  7 Copy quote

• Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

  Peter Schiff

  Thinking, Printing Money, Circles

  "A Little Understanding Goes a Long Way" by Peter Schiff, www.businessinsider.com. March 7, 2011.

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• How is the human race going to survive now that the cost of living has gone up two dollars a quart?

  W. C. Fields

  Cost Of Living, Race, Two

  9 Copy quote

• In spite of the cost of living, it's still popular.

  Kathleen Norris

  Funny, Life, Witty

  26 Copy quote

• We believe that our truly urgent need is to make our nation secure, our economy strong and our dollar sound. For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies.

  Dwight D. Eisenhower

  Strong, Believe, Cost Of Living

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• [U]nemployment is ... a side effect of the cure for inflation.

  Milton Friedman

  Investing, Sides, Economics

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• Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

  William Vickrey

  Doe, Levels, Produce

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

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• Only one fellow in ten thousand understands the currency question, and we meet him every day.

  Kin Hubbard

  Money, Business, Currency

  7 Copy quote