Quotes About Deflation

#1. Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.

John Mellencamp

#2. And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.

Kevin Brady

#3. Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink.

Michael Hudson

#4. Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

Ben Bernanke

#5. Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.

William McChesney Martin

#6. I have no idea who first coined the word 'Abenomics.' It was not my original term for the set of anti-deflation, growth-promotion policies I am now pursuing.

Shinzo Abe

#7. To face deflation, you have to have people accepting it and not reacting to it.

Carlos Ghosn

#8. My distraction's my defense against this lack of inspiration Against this slow deflation Yeah the further the horizon The more it holds my gaze The foreground's out of focus but you know I kinda hope it's just a phase Just a phase.

Ani DiFranco

#9. Her heart the damned thing had begun to race and she only hoped that the rapid inflation and deflation of her chest wasn't visible beneath her fitted bodice.

Anna Godbersen

#10. Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

Ben Bernanke

#11. However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

Toshihiko Fukui

#12. Ray then revealed the most simple and important distinction of all. There are only four things that move the price of assets: 1. inflation, 2. deflation, 3. rising economic growth, and 4. declining economic growth.

Anthony Robbins

#13. Mario Draghi became the first major central banker to cut a key interest rate below zero as he unveiled a series of radical measures to stave off a crippling bout of deflation, and signalled his willingness to take further action.

Anonymous

#14. Deflation and secular stagnation are the risks of our time.

Lawrence Summers

#15. Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.

Michael Hudson

#16. No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.

Milton Friedman

#17. The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

Jack Kemp

#18. When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners.

Michael Hudson

#19. 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

#20. More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services.

Michael Hudson

#21. The deflation, or flattening out, of values in Modern art does not necessarily indicate an ethical nihilism. Quite the contrary; in opening our eyes to the rejected elements of existence, art may lead us to a more complete and less artificial celebration of the world.

William Barrett

#22. Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

Gavyn Davies

#23. Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s).

Niall Ferguson

#24. The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

Ben Bernanke

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

Christine Lagarde

#26. The unfolding time for the end of globalization or a worldwide deflation is much longer, certainly measured in years, if not decades.

John L. Casti

#27. Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.

Michael Hudson

#28. Deflation isn't good, and inflation is easier to cure than deflation.

Robert Kiyosaki

#29. Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans.

Ben Bernanke

#30. For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures.

Evan Davis

#31. In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.

Robert Kiyosaki

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

Jean Cocteau

#33. A little humiliation and ego deflation, now and then, is good for apprentices. Mine sighed miserably.

Jim Butcher

#34. Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon.

Michael Hudson

#35. You can't rule out deflation just because you've never seen it in your lifetime.

Greg Mankiw