Inflation Quotes - Page 7

• I forgot my purse of laughter when I dressed this mornin'," she told me. "Have you not bought anythin' the last few days? Prices have gone up. Pay or starve, it's all one to me.

  Tamora Pierce

  Laughter, Gone, Pay

  Tamora Pierce (2012). “Beka Cooper: The Hunt Records”, p.484, Random House Books for Young Readers

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• Low inflation and government prudence may be harmful for economic development.

  Ha-Joon Chang

  Government, Development, May

  Ha-Joon Chang (2007). “Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism”, Bloomsbury Press

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• The music scene in the '70s was like the United Kingdom in the '70s - we had a lot of unemployment, we had inflation, we had a lot of strikes going on, on a national scale, and a lot of discontent. That was reflected in the music.

  Annie Lennox

  Unemployment, Kingdoms, Scene

  "The Look: Annie Lennox". Interview with Harry Brant, www.interviewmagazine.com. September 23, 2014.

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• Only government can cause inflation, preserve monopoly, and punish enterprise.

  William F. Buckley, Jr.

  Government, Causes, Monopoly

  William F. Buckley, Jr. (2009). “The Reagan I Knew”, p.241, Basic Books

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• In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.

  Paul Ormerod

  Unemployment, Levels, Facts

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.

  William J. Clinton

  Risk, Debt, Finance

  Source: www.foxnews.com

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• (Insanity) is not hubris, not pride; it is inflation of the ego to its ultimate - confusion between him who worships and that which is worshipped. Man has not eaten God; God has eaten man.

  Philip K. Dick

  Pride, Men, Confusion

  "The Man in the High Castle". Book by Philip K. Dick, 1962.

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• Anger is the common refuge of insignificance. People who feel their character to be slight, hope to give it weight by inflation: but the blown bladder at its fullest distention is still empty.

  Hannah More

  Anger, Character, People

  Hannah More (1835). “The works of Hannah More”, p.106

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• Every Congressman, every Senator knows precisely what causes inflation... but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job.

  Robert A. Heinlein

  Jobs, Support, Causes

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• There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

  Ha-Joon Chang

  Arguing, Logical, Hyperinflation

  Ha-Joon Chang (2007). “Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism”, Bloomsbury Press

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• Militarism is the most energy-intensive, entropic activity of humans, since it converts stored energy and materials directly into waste and destruction without any useful intervening fulfillment of basic human needs. Ironically, the net effect of military, as opposed to civilian, expenditures is to increase unemployment and inflation.

  Hazel Henderson

  Military, Energy, Needs

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• Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

  John Kenneth Galbraith

  Errors, Optimism, Stupidity

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.15, Princeton University Press

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• I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.

  John F. Kerry

  Jobs, Real, Struggle

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• There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one.

  Friedrich August von Hayek

  Important, May, Superstitions

  Friedrich August von Hayek's Prize Lecture, www.nobelprize.org. December 11, 1974.

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• In the American political lexicon, 'change' always means more of the same: more government, more looting of Americans, more inflation, more police-state measures, more unnecessary war, and more centralization of power.

  Ron Paul

  War, Mean, Government

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• The liberation of women from exclusive domesticity did not originate in feminist books, or a war, or a big inflation, although they contributed to its progress. The rising enrollment of women in the paid labor force is a straightforward consequence of the industrial revolution of two hundred years ago.

  Barbara Bergmann

  War, Book, Two

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• Always inflation comes gradually; is recognized too late; and can be cured only by ruthless political surgery, which, if delayed too long, proves futile.

  Theodore White

  Long, Political, Too Late

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• Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

  Alan Cranston

  Moving, Neighborhood, Expensive

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• Despite deficit rains, we have been successful in bringing down the inflation down from double digits to 3-4%

  Narendra Modi

  Rain, Successful, Deficit

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• Images proliferate. Am I wrong in being reminded of printing money in a period of wild inflation? Do we know what we are doing? Are we able to evaluate what we have done?

  Wright Morris

  Printing Money, Done, Able

  Wright Morris (1989). “Time pieces: photographs, writing, and memory”

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• When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income.

  Michael Hudson

  Mean, Income, Assets

  Source: www.counterpunch.org

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• If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

  Milton Friedman

  Would Be, Unemployment, Use

  Source: www.pbs.org

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• I believe Sharia law, however it comes, is the future for America. I believe, one day, that the people will adopt it anyway. A lot of issues we're looking at now are already enshrined within the Sharia. For instance, the gold standard for when dealing with inflation and a lack of confidence with the stocks and shares, which has been prevalent for the last many decades. All of that is prohibited in Islam.

  Anjem Choudary

  Believe, People, One Day

  Source: www.yahoo.com

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• For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it.

  Barry Ritholtz

  Men, Broken, May

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• We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

  John W. Snow

  Eye, Checks, Stage

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