Inflation Quotes - Page 8

• The cable industry has risen to new heights in their apparent willingness and ability to gouge the American consumer. Cable rates [have] increased an unbelievable five-and-a-half times faster than inflation.

  John McCain

  Half Time, Height, Faster

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• When we say "people worry" about inflation, it's mainly bondholders that worry. The labor force benefitted from the inflation of the '50s, '60s and '70s.

  Michael Hudson

  Labor Force, People, Worry

  Source: www.counterpunch.org

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• Because of rampant inflation, living standards have been dropping for the great majority of the population. The people are poorer because standards of health and education have fallen. And conditions in the rural areas are worse off than they have ever been. So, you cannot equate the so-called open-market economy adopted by the SLORC with any real development that benefits people.

  Aung San Suu Kyi

  Real, People, Population

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• People will make worse financial decisions for them if they're choosing from a lot of options than if they're choosing from a few options. If they have more options they're more likely to avoid stocks and put all their money in money market accounts, which doesn't even grow at the rate of inflation.

  Sheena Iyengar

  People, Decision, Financial

  Big Think Interview, bigthink.com.

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• Inflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.

  Robert Higgs

  Elements, Taxation, Economy

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• Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.

  Robert Reich

  Thinking, Safety, Risk

  Source: www.strategy-business.com

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• The Republican Party has consistently opposed Obamacare (as costing more), stimulus spending (as increasing inflation), etc., none of which has happened in spite of seven years of their warnings. Their main problem is that they don't have the character to admit that they are wrong. They don't have enough character to rethink their deeply held assumptions.

  Philip Kotler

  Party, Character, Years

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• I've learned about the inflation range situation. Obviously with our footballs being inflated to the 12.5-pound range, any deflation would then take us under that specification limit. Knowing that now, in the future we will certainly inflate the footballs above that low level to account for any possible change during the game.

  Bill Belichick

  Football, Games, Knowing

  Source: hereandnow.wbur.org

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• Inflationary trends are under way. Wage increases, through strikes or threatened strikes, are rampant. Government expenditures are ballooning ominously. Hoarding has contributed unconscionably to price-boosting. The Government should institute measures calculated to arrest inflation. America's commitments are already so mountainous, international and domestic, that the pruning knife should be applied. You and I, all American taxpayers, don't possess limitless resources-our pockets are not bottomless. Curb inflation at every turn!

  B. C. Forbes

  Commitment, Government, Knives

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• The good thing about the dividend-paying stocks is, first of all you have stocks, which are real assets if we have some inflation. I think we're going to have 2%, 3% maybe 4%. That's a sweet spot for stocks. Corporations do well with that. It gives them pricing power. Their assets move up with prices. I'm not fearful of that inflation.

  Jeremy Siegel

  Sweet, Real, Moving

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• Life is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing.. those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.

  Noel Whittaker

  Life, Business, Earning

  Noel Whittaker (2011). “Making Money Made Simple: The Aim of This Book Is to Cover the Essentials of Money, Investment, Borrowing and Personal Finance in a Simple Way”, p.233, ReadHowYouWant.com

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• The intelligence community is so vast that more people have top secret clearance than live in Washington. The U.S. will spend more on the war in Afghanistan this year, adjusting for inflation, than we spent on the Revolutionary War, the War of 1812, the Mexican-American War, the Civil War and the Spanish-American War combined.

  Nicholas D. Kristof

  War, Years, People

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• Artificial inflation of stocks must be considered a crime as serious as counterfeiting, which it closely resembles.

  Andre Maurois

  Serious, Crime, Artificial

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• Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.

  Peter Schiff

  Running, Cat, Government

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• Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.

  Terence McKenna

  Years, Games, People

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• If grade inflation continues, a college bachelor's degree will have just as much credibility as a high school diploma.

  Walter E. Williams

  School, College, Degrees

  Walter E. Williams (2015). “American Contempt for Liberty”, p.208, Hoover Institution Press

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• The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.

  Doug Casey

  Able, Way, Absence

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• A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.

  James Rickards

  Hard Work, Gold, Information

  James Rickards (2014). “The Death of Money: The Coming Collapse of the International Monetary System”, p.156, Penguin

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• When my family moved from Ireland in the 70s, Britain was such a difficult place to be Irish. It was a decade of real social and economic upheaval in Britain. There were strikes, the three-day week, the oil crises, huge inflation, the winter of discontent and, what was it, four Prime Ministers? And relations between Britain and Ireland at that time were at an all-time low. I was born in the year of Bloody Sunday and of course the pub bombings happened in the mid-1970s.

  Maggie O'Farrell

  Real, Sunday, Winter

  Source: www.guernicamag.com

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• Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.

  Doug Casey

  Government, Regulation, Cleansing

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• In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.

  Michael Burry

  Essence, Long, Would Be

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• Governments resort to inflation with popular support because the people apparently are naïve enough to believe that they can have their cake and eat it, too.

  Leonard Read

  Believe, Government, Cake

  Leonard E. Read (1990). “The freedom philosophy”, Foundation for Economic Education

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• A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.

  David Dreman

  Loss, Two, Risk

  David Dreman (1998). “Contrarian Investment Strategies in the Next Generation”, p.324, Simon and Schuster

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• Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was the last limit. Its banishment as a standard unleashed the inflation monster and leviathan itself, which has swelled beyond comprehension.

  Llewellyn Rockwell

  Government, Age, Gold

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• What precisely is this disease that causes inflation and all these other troubles? It has many popular names, such as socialism, communism, state interventionism, and welfare statism.

  Leonard Read

  Names, Disease, Causes

  Leonard E. Read (1990). “The freedom philosophy”, Foundation for Economic Education

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