Inflation Quotes - Page 4

• We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.

  Martin Feldstein

  Pay, Gains, Permanent

  7 Copy quote

• The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

  Ron Chernow

  Ties, Paper, Assets

  7 Copy quote

• And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.

  Barack Obama

  Years, Goal, Progress

  8 Copy quote

• Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

  William Vickrey

  Unemployment, Levels, Situation

  7 Copy quote

• Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.

  Russ Carnahan

  Years, Minimum Wage, Levels

  8 Copy quote

• It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.

  Jon Corzine

  Years, Minimum Wage, Levels

  20 Copy quote

• No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.

  Mark Zandi

  Retirement, Home, Winning

  6 Copy quote

• There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.

  Herbert Hoover

  Three, Taxation, Bills

  Herbert Hoover (1937*). “American ideals and the New deal ... eight addresses upon pressing national problems”

  11 Copy quote

  Show source

• The Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.

  Vladimir Putin

  Country, Influence, Economy

  Source: thesaker.is

  5 Copy quote

  Show source

• A commodity doesn't have the same characteristics as a security, characteristics that allow for analysis. Other than a recent sale or appreciation due to inflation, analyzing the current or future worth of a commodity is nearly impossible.

  Seth Klarman

  Appreciation, Analysis, Analyzing

  12 Copy quote

• Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

  Milton Friedman

  Made, Phenomenon, Central Banks

  Source: www.huffingtonpost.com

  10 Copy quote

  Show source

• Quantitative easing prints money & causes inflation.

  Jim DeMint

  Causes, Print

  4 Copy quote

• Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen house, has many reasons to be disingenuous. As the world's largest debtor, the Federal Government is inflation's primary beneficiary.

  Peter Schiff

  Government, Numbers, House

  7 Copy quote

• There are basically two kinds of tax, the kind the masses can see, and the kind they can't. The inflation tax is of the second kind.

  Michael Maloney

  Two, Kind, Mass

  7 Copy quote

• More and more people are becoming aware that government has nothing to give them without first taking it away from somebody else-or from themselves. Increased handouts to selected groups mean merely increased taxes, or increased deficits and increased inflation.

  Henry Hazlitt

  Mean, Government, People

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.228, Crown Business

  4 Copy quote

  Show source

• Rampant inflation is just as hard to live with as the devaluation of commodities.

  David Harvey

  Commodity, Hard

  "The Limits To Capital". Book by David Harvey, 1982.

  11 Copy quote

  Show source

• The Debasement of World Currency:It Is Inflation, But Not As We Know It

  Chris Powell

  World, Currency, Knows

  4 Copy quote

• The unique aspect of today's monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide.

  Peter DeGraaf

  Country, Unique, Together

  4 Copy quote

• Inflation is not a Robin Hood, taking from the rich to give to the poor. Rather, it deals most cruelly with those who can least protect themselves. It strikes hardest those millions of our citizens whose incomes do not quickly rise with the cost of living. When prices soar, the pensioner and the widow see their security undermined, the man of thrift sees his savings melt away; the white collar worker, the minister, and the teacher see their standards of living dragged down.

  Dwight D. Eisenhower

  Teacher, Men, White

  12 Copy quote

• If inflation is the genie, then deflation is the ogre that must be fought decisively.

  Christine Lagarde

  Genies, Deflation, Ifs

  "Davos Dilemma: How To Help, Not Harm, World’s Fragile Recovery", www.huffingtonpost.com. January 21, 2014.

  26 Copy quote

  Show source

• A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations and creating illusory profits, inflation will destroy this function.

  Henry Hazlitt

  Creating, Rewards, Judgment

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.133, Ludwig von Mises Institute

  17 Copy quote

  Show source

• Since nostaglia is fueled by inflation, could it be that inflation is the result of a conspiracy by the people who are trying to palm off McGovern buttons and Howdy Doody puppets and their Aunt Thelma's toaster as antiques.

  Calvin Trillin

  Aunt, People, Trying

  Calvin Trillin (1987). “Uncivil liberties”, Penguin Group USA

  11 Copy quote

  Show source

• Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.

  Llewellyn Rockwell

  Government, Choices, Expansion

  15 Copy quote

• When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

  Paul Volcker

  People, Benefits, Facts

  17 Copy quote

• So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?

  Murray Rothbard

  Country, England, United States

  "The Case against the Fed". Book by Murray Rothbard, 1994.

  4 Copy quote

  Show source