Top 100 Quotes About Inflation
#1. Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.
Janet Yellen
#2. I would say to my colleague that the misery index, inflation and unemployment, when added together is the lowest it has been in the last series of Presidents, even going back to Jimmy Carter. So I think the Bush administration is doing a good job.
Cliff Stearns
#3. We now know that inflation results from all that deficit spending.
Ronald Reagan
#4. With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.
Arthur Laffer
#5. Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.
Christina Romer
#6. The essence of any plan for financing old age is saving-to put aside some part of today's earnings for the future. Anything that saps the value of savings-and inflation is the worst single threat-is the enemy of the aged and of those who expect to grow old.
Bernard Baruch
#7. Given the rest of the economic news, including the fact that GDP growth is positive, inflation is still low, jobless claims are still moving downward and temporary services are firming up, that means the recovery continues, and we hope it will continue in a more robust fashion,
Elaine Chao
#8. This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.
Carroll Quigley
#9. Things there are no solution to: Inflation, bureaucracy & dandruff.
Malcolm Forbes
#10. The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.
Ben Bernanke
#11. After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. ...By comparison, the average real income of the other 95% of households grew less than 10%.
Janet Yellen
#12. Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.
William Poundstone
#13. Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
Ludwig Von Mises
#14. in wartime, economic activity decreases, inflation increases, and real wages and purchasing power begin to fall. Wages at the bottom of the wage scale generally rise, however, and are somewhat more generously protected from inflation than those at the top.
Thomas Piketty
#15. Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.
Martin Feldstein
#16. The Planck satellite may detect the imprint of the gravitational waves predicted by inflation. This would be quantum gravity written across the sky.
Stephen Hawking
#17. 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
#18. Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.
Henry Hazlitt
#19. There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.
Herbert Hoover
#20. Inflation creates bubble and burst.
That develops world economy, and will destroy it too.
Toba Beta
#21. What I'm trying to say is that for the average investor, what I would encourage them to do is to understand that there's inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced.
Ray Dalio
#22. 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
#23. 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
#24. I have never believed that central banks should have rigid inflation targeting. That is not a good thing to stabilize. There is nothing in economic theory to back this.
Robert Mundell
#25. 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
#26. 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
#27. The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.
Ron Chernow
#28. 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
#29. Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald Reagan
#30. If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
Henry Hazlitt
#31. Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.
Russ Carnahan
#32. Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.
Llewellyn Rockwell
#33. If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
Adi Godrej
#34. If higher unemployment is the price we have to pay in order to bring inflation down, then it is a price worth paying.
Norman Lamont
#35. 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
#36. Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.
Ludwig Von Mises
#37. 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
#38. We are trained to be employees, but no one said that we have endure a limited salary that barely keeps pace with inflation.
Carlos Roche
#39. all government expenditures must eventually be paid out of the proceeds of taxation; that inflation itself is merely a form, and a particularly vicious form, of taxation. Having
Henry Hazlitt
#40. There are two main drivers of asset class returns - inflation and growth.
Ray Dalio
#41. Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
Robert Orben
#42. It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
Jon Corzine
#43. 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
#44. Americans of all ages are earning less than they did two decades ago when adjusted for inflation. Yet they're paying more in taxes.
Simon Black
#45. If we have wealth, it will be protected from inflation and possibly even enhanced in value.
William Greider
#46. The sudden pounding in her chest, the trembling of her hands, the inflation of her lungs. It was exactly like being alive. It was reanimating the dead.
Abbie Chandler
#47. A vital function of the free market is to penalize inefficiency and misjudgment and to reward efficiency and good judgment. By distorting economic calculations and creating illusory profits, inflation will destroy this function.
Henry Hazlitt
#48. Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
John Kenneth Galbraith
#49. Foreign trade clearly has been a reason why inflation has been low.
Tim Bishop
#50. In 1953, at the beginning of the Eisenhower era and the glory years of the auto industry, Hudson's had done $153 million in retail sales; in 1981 the downtown Hudson's had done only $44 million - a figure, if adjusted for inflation, about 6 percent of the 1953 total.
David Halberstam
#51. For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it.
Ron Paul
#52. 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
#53. Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.
Ben Bernanke
#54. In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
Lysander Spooner
#55. Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing.
William McChesney Martin
#56. It has been said that the Fed's job is to take the punch bowl away just as the party gets going, raising interest rates when the economy is growing too fast and inflation threatens.
Alex Berenson
#57. When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.
Ronald Reagan
#58. Inflation is the one form of taxation that can be imposed without legislation.
Milton Friedman
#59. Inflation is always and everywhere a monetary phenomenon.
Milton Friedman
#60. Volume - as long as you anticipated, as we did in 1972, a world of continuous inflation.
Warren Buffett
#61. We don't have a major problem right now in our country, and life is normal. Things like unemployment, which the youth are suffering from, and the rate of inflation - these are chronic conditions and we have to solve them.
Akbar Hashemi Rafsanjani
#62. I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.
Leonard Woodcock
#63. But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.
John Chamberlain
#64. It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
Thomas Sowell
#65. Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.
Jack Kemp
#66. When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
Adi Godrej
#67. I've made a commitment that state spending in Vermont won't grow any more than the rate of inflation plus population growth.
James Douglas
#68. 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
#69. Government has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you
either by direct taxes, or by the cruelly indirect tax of inflation.
John Wayne
#70. Various internal and external factors can contribute to uncontrollable inflation.
Miller K.
#71. What inflation really does is to change the relationships of prices and costs.
Henry Hazlitt
#72. Buy a $100 U.S. bond and frame it to teach your children about inflation by watching the U.S. bond value diminish to almost nothing over the next 20 years.
Marc Faber
#73. Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.
Marc Faber
#74. Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.
Ben Bernanke
#75. Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.
Ella T. Grasso
#76. The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment ... the European Central Bank has only the first. It has no commitment to keep employment up.
Noam Chomsky
#77. In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.
Peter Thiel
#78. In the first half of life, we fight the devil and have the illusion and inflation of "winning" now and then; in the second half of life, we always lose because we are invariably fighting God.
Richard Rohr
#79. I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
Friedrich August Von Hayek
#80. 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
#81. Worrying about inflation now is like worrying about the measles when you might get the plague.
Kenneth Rogoff
#82. 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
#84. Labor is sacrificed on the inflation rates altar of oblation.
Richard Gwynn
#85. I got quarters in my loafers trying to fight inflation when it only used to take a cent.
Jimmy Buffett
#86. You can't have a regime which continuously subsidizes things; as inflation rises, you keep prices of certain things unchanged.
Adi Godrej
#87. Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get.
Franklin Raines
#89. Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.
Bill Gross
#90. They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
Franklin Raines
#91. We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.
Martin Feldstein
#92. The essence of the problem is that the war against inflation is over, ... Ever since 1979 the Fed was fighting a war against inflation, and you always knew which way you wanted the inflation rate to go over the long run
down.
Paul McCulley
#93. More and more people are becoming aware that government has nothing to give them without first taking it away from somebody else-or from themselves. Increased handouts to selected groups mean merely increased taxes, or increased deficits and increased inflation.
Henry Hazlitt
#94. If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'.
George Bernard Shaw
#95. We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in favor of protection.
Nina Easton
#96. Remember that self-doubt is as self-centered as self-inflation. Your obligation is to reach as deeply as you can and offer your unique and authentic gifts as bravely and beautifully as you're able.
Bill Plotkin
#97. The rate of inflation can't be judged accurately by a few items the government arbitrarily chooses to measure.
James Cook
#98. Inflation is a form of tax, a tax that we all collectively must pay.
Henry Hazlitt
#99. Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
Bill Gross
#100. 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
