Inflation Quotes - Page 6

• Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment.

  Henry Hazlitt

  Employment, Economy, Contrary

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• Well, I think the global economy is in the position for continuing good growth with inflation well in check.

  John W. Snow

  Thinking, Growth, Economy

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• The rate of inflation can't be judged accurately by a few items the government arbitrarily chooses to measure.

  James Cook

  Government, Rate, Items

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• The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.

  Sam Zell

  Issues, Problem, Economics

  "Zell tells of optimistic outlook on real estate". Interview with Denny Gainer, usatoday30.usatoday.com. May 2, 2004.

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• We cannot hope to achieve full employment and sustain it until we have mastered inflation.

  Denis Healey

  Employment, Economics, Achieve

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• Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.

  Michael Hudson

  Wages, Helping, Economy

  Source: www.counterpunch.org

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• See your disappointments as good fortune. One plan's deflation is another's inflation.

  Jean Cocteau

  Disappointment, Deflation, Fortune

  "Diary of an Unknown". Book by Jean Cocteau, 1988.

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• The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.

  Paul Volcker

  Fall, Mean, Years

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• It was the biggest inflation and the most sustained inflation that the United States had ever had.

  Paul Volcker

  America, United States, States

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• A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

  Robert Rubin

  Strong, Mean, Dollars

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• We need to get the government out of the way. Inflation hits the middle class and the poor the most. Those are the people who are losing it. We don't have enough competition. There's a doctor monopoly out there. We need alternative health care freely available to the people. They ought to be able to make their own choices and not controlled by the FDA preventing them to use some of the medications.

  Ron Paul

  Class, Fda, Doctors

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• During the past two decades, inflation has fallen to a low level in major industrial countries.

  Toshihiko Fukui

  Country, Past, Two

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• Buy a $100 US bond and frame it to teach your children about inflation by watching the US bond value diminish to almost nothing over the next 20 years.

  Marc Faber

  Children, Years, Next

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• Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.

  John Maynard Keynes

  Mean, Men, Law

  John Maynard Keynes (2016). “The Economic Consequences of the Peace: The Economist”, p.124, 北戴河出版

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• Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.

  Charlie Munger

  Silly, People, Needs

  Charlie Munger's remarks at the 2004 Berkshire Hathaway Annual Meeting in Omaha, Nebraska, www.tilsonfunds.com. May 1, 2004.

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• Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

  Ludwig von Mises

  Party, Government, People

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• Domestic inflation reflects domestic monetary policy.

  Martin Feldstein

  Monetary Policy, Domestic Policy, Policy

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• What Medicaid basically does is allows them to choose the two base years that they would calculate current their reimbursement levels on. And they all have per-capita allotments based upon what the states are experiencing today in terms of Medicaid costs. And then those are inflated over the years, the next decade, increased at the rate of inflation. And so they have to figure out how to take those dollars and put them to the best use in the state.

  John Thune

  Today, Term, Rate

  Source: www.pbs.org

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• We have some concerns if student financial aid is not keeping pace, and college costs continue to outstrip inflation.

  Mary Johnson

  College, Cost, Pace

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• It’s hard to build models of inflation that don't lead to a multiverse. It’s not impossible, so I think there’s still certainly research that needs to be done. But most models of inflation do lead to a multiverse, and evidence for inflation will be pushing us in the direction of taking [the idea of a] multiverse seriously.

  Alan Guth

  Thinking, Ideas, Pushing

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• Kelso's proposals do promise to free us from our morbid dependency on economic health through armament manufacture; they promise a way out of the welfare mess, out of foodstamps and ship subsidies, out of perpetual inflation, and they suggest a means of doing these things without being too disruptive of the wealth of five percent of the population who own the rest of us.

  Nicholas von Hoffman

  Wisdom, Mean, Promise

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• Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are cause and effect, they feed on each other!

  Henry Hazlitt

  Causes, Facts, Chaos

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• The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.

  Llewellyn Rockwell

  Hands, Banking, Cash

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• My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

  Janet Yellen

  Rising Prices, Goal, House

  "In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.

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• With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we're probably observing, then I hope that people will also get less worried about the future of inflation.

  Marek Belka

  Hysteria, People, Sugar

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