Top 100 Quotes About Inflation
#1. 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
#2. Inflation makes the wealthiest people richer and the masses poorer.
James Cook
#3. Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable.
Seth Klarman
#4. To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano.
Henry Hazlitt
#5. Inflation takes from the ignorant and gives to the well informed.
Venita VanCaspel
#6. [U]nemployment is ... a side effect of the cure for inflation.
Milton Friedman
#7. In the long run wives are to be paid in a peculiar coin - consideration for their feelings. As it usually turns out this is an enormous, unthinkable inflation few men will remit, or if they will, only with a sense of being overcharged.
Elizabeth Hardwick
#8. Zimbabwe is a lost country. There is no money in Zimbabwe, everything stands still. The economy of the country is in shambles, the inflation is the highest in this world.
Thomas Mapfumo
#9. It's good news that he is proposing to restore budget cuts that he made, but the reality is that he is still proposing a 4.5 percent increase in tuition that's above inflation.
James Rosapepe
#10. Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.
Janet Yellen
#11. 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
#12. Deflation isn't good, and inflation is easier to cure than deflation.
Robert Kiyosaki
#13. That our popular art forms have become so obsessed with sex has turned the U.S.A into a nation of hobbledehoys; as if grown people don't have more vital concerns, such as taxes, inflation, dirty politics, earning a living, getting an education, or keeping out of jail.
Anita Loos
#14. We gotta control inflation, quit spending our money on everything. But this years tax increase, why it's the biggest in history.
Hank Williams Jr.
#15. My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation.
Robert C. Merton
#16. In the United States, after World War II, it took about two decades for the message to slowly seep in that inflation was going to be a permanent fact of the American way of life.
Murray Rothbard
#17. If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
William Vickrey
#18. 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
#19. A crucial responsibility of any central bank is to control inflation, the average rate of increase in the prices of a broad group of goods and services.
Janet Yellen
#20. I almost always recommend investors get fully invested, since it's better to put your money to work than to let it simply track the rate of inflation.
Louis Navellier
#21. What we call "willing" is often but an inflation of ourselves, attended by a hardening.
Nilakanta Sri Ram
#22. Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.
Arthur Laffer
#23. Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.
Robert Reich
#24. We should be disciplined and responsible and then our prosperity will be stable despite any economic crisis, inflation or a change of government
Sunday Adelaja
#25. Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.
Milton Friedman
#26. Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.
Suze Orman
#27. Inflation is a form of hidden taxation which it is almost impossible to measure.
John J. Beckley
#28. Inflation outstripped real wages for people who work for pay from others.
Tim Bishop
#29. Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.
W. Edwards Deming
#31. Investing solely for 'income,' investing merely 'to keep capital employed,' and investing simply 'to hedge against inflation' are all entirely out of the question.
Gerald M. Loeb
#32. It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.
Edmund Phelps
#33. We have some concerns if student financial aid is not keeping pace, and college costs continue to outstrip inflation.
Mary Johnson
#34. Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
Ludwig Von Mises
#35. In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue.
Nicholas Deak
#37. in nearly three decades, these lower-income workers saw no meaningful gain in what they were paid for an hour of labor. Their overall inflation-adjusted income rose a bit, but mainly because they put in more hours of work.
Anonymous
#38. The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.
Robert Mundell
#39. If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.
Thomas Sowell
#40. Discussions of health care in the U.S. usually focus on insurance companies, but, whatever their problems, they're not the main driver of health-care inflation: providers are.
James Surowiecki
#41. If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can count on.
Fred DeLuca
#42. Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Sam Ewing
#43. Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
Warren Buffett
#44. The US is about to go all Billy the Kid. Inflation is going to keep shooting up.
Jarod Kintz
#45. 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
#46. Inflation is lower and more stable and the real business cycle fluctuations are more modest.
Martin Feldstein
#47. Listening to Democrats complain about inflation is like listening to germs complain about disease.
Spiro T. Agnew
#48. The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.
Dixie Lee Ray
#49. Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment.
Henry Hazlitt
#50. The well-being of the British people and the health of our economy are far more important than any government's commitment to a particular strategy, but to change course now would be fatal to the whole counter-inflation strategy.
Geoffrey Howe
#51. The reason I am so negative about the Federal Reserve's policies is that they only target core inflation and argue that they can't identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.
Marc Faber
#52. Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.
William Vickrey
#53. Prayer, true prayer, does not allow us to deceive ourselves. It relaxes the tension of our self-inflation. It produces a clearness of spiritual vision. . . . It saps our self-deception and its Pharisaism. . . . So by prayer we acquire our true selves."242
Timothy J. Keller
#54. I have spoken about inflation, unemployment, farmers' problems, security, etc. I keep talking about these issues. I seek answers from the Indian government.
Narendra Modi
#55. The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.
Ludwig Von Mises
#56. We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
Shimon Peres
#57. If the universe sprung into existence and then expanded exponentially, you get gravitational waves traveling through space-time. These would fill the universe, a pattern of echoes of the inflation itself.
Neil Turok
#58. By focusing only on jobs and inflation - and, in effect, only on the former - the Fed behaved myopically, indeed politically.
Raghuram G. Rajan
#59. From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any investment or speculation.
Henry Hazlitt
#60. 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
#61. Table 9.1 shows the soaring number of Reichsmarks needed to buy one US dollar, which indicates the trend in consumer inflation in Weimar Germany preceding and during its hyperinflation. Note
James Turk
#62. I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.
Victor Borge
#63. Inflation is like toothpaste. Once it's out, you can hardly get it back in again.
Karl Otto Pohl
#64. Life is full of joys and sorrows, much of it our own making. Sadly, the West has voted time and time again for bigger government, more inflation, higher taxes and excessive regulation - all policies that have kept us from Adam Smith's vision of an opulent society.
Mark Skousen
#65. During inflation, Goodwill is the gift that keeps on giving.
Warren Buffett
#66. We tend to extrapolate the recent past indefinitely into the future; in the 1970s, investors thought that inflation would never end, whereas now most people think it will never occur again. The first viewpoint was proven wrong within a few years, and the latter viewpoint most likely will be soon.
William J. Bernstein
#67. Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.
Niall Ferguson
#68. A tax dollar paid today is far more expensive than one paid in future dollars. With inflation, money becomes less valuable over time because of the cost of goods increases.
Coreen T. Sol
#69. The insidious aid culture has left African countries more debt-laden, more inflation-prone, more vulnerable to the vagaries of the currency markets and more unattractive to higher-quality investment.
Dambisa Moyo
#70. Inflation consists of subsidizing expenditures that give no returns with money that does not exist.
Jacques Rueff
#71. 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
#72. The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
Ludwig Von Mises
#73. Less is always more. The best language is silence. We live in a time of a terrible inflation of words, and it is worse than the inflation of money.
Eduardo Galeano
#74. Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.
Walter E. Williams
#75. I see almost no change in the price of the composite product that flows through Costco I don't feel sorry for the people who pay $27 million for an 8,000-square-foot condo in Manhattan. So inflation comes in places.
Charlie Munger
#76. For individuals whose only capital is a small balance in a checking account, the return is negative, because such balances yield no interest and are eaten away by inflation. Savings accounts often yield little more than the inflation rate.
Thomas Piketty
#77. When it comes to decreasing inequalities of wealth for good or reducing unusually high levels of public debt, a progressive tax on capital is generally a better tool than inflation.
Thomas Piketty
#78. In the quarter century between 1979 and 2005, average after-tax income (adjusted for inflation) grew by $900 a year for the bottom fifth of American households, by $8,700 a year for the middle fifth, and by $745,000 a year for the top 1 percent of households.
Robert D. Putnam
#79. Health-care costs when I got into the industry in '88 were 16 percent a year inflation. When I got out in 1997, they were less than 1 percent.
Rick Scott
#80. Being a critic is easy.
But if the critic tries to run the operation, he soon understands that nothing is as easy as his criticisms.
Criticism without a solution is merely an inflation of the critic's ego.
Haemin Sunim
#81. Throwing Ronald Reagan out of office at the height of his popularity, with inflation and interest rates down, the economy moving and the country at peace, would have required God on the ticket and She was not available!
Geraldine Ferraro
#82. Inflation hasn't ruined everything. A dime can still be used as a screwdriver.
H. Jackson Brown Jr.
#83. We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.
Herbert Hoover
#84. Rampant inflation is just as hard to live with as the devaluation of commodities.
David Harvey
#85. I'm a walking economy. My hairline's in recession,my waist is a victim of inflation, and together they're putting me in a deep depression!
Anonymous
#86. Entitlements seem to grow with prosperity; not only because they are indexed to inflation or GDP, but also because a prosperous country tells itself it can afford more benefits.
Amity Shlaes
#87. I expect to see trade wars, foreign policy disasters, a few race riots, a decrease in personal liberty, higher taxes, higher inflation and probably, economic collapse. The silver lining is, secession will probably become more feasible.
Charley Reese
#88. 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
#89. As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise.
Murray Rothbard
#90. If inflation is the genie, then deflation is the ogre that must be fought decisively,
Christine Lagarde
#91. Word inflation ... Bigger and better. Good greater greatest totally great. Hyperbolic and hyperbolicker. Like grade-inflation.
David Foster Wallace
#92. In reality high profits tend much more to raise the price of (a piece of) work than high wages. (quoting Adam Smith - ch.
(III - From Corporatism to Democracy)
John Ralston Saul
#93. This low level inflation encourages economic growth; because it helps people to spend money rather than hoard it; since it will gradually lose value due to future inflation. On the other hand, inflation eats away at savings, so that savers experience a loss of wealth by stealth!
James C Johnson
#95. It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.
Marek Belka
#97. the rate of increase of inflation is decreasing
Richard Nixon
#98. Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.
John W. Snow
#99. The ultra-right would have us believe that families are in trouble because of humanism, feminism, secular education, or sexual liberation, but the consensus of Americans is that what tears families apart is unemployment, inflation, and financial worries.
Letty Cottin Pogrebin
#100. 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
