Inflation Quotes

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. (Alan Greenspan)
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. View quote
Ernest Hemingway
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. View quote
Vladimir Lenin
Domestic inflation reflects domestic monetary policy. View quote
Martin Feldstein
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth. View quote
Martin Feldstein
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. View quote
Martin Feldstein
The natural tendency of the state is inflation. View quote
Murray Rothbard
Inflation, being a fraudulent invasion of property, could not take place on the free market. View quote
Murray Rothbard
Whoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate. View quote
James A. Garfield
Inflation is always and everywhere a monetary phenomenon. View quote
Milton Friedman
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)
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. View quote
John Maynard Keynes
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. View quote
William Vickrey
Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation. View quote
Russ Carnahan
The mind must not be forced; artificial and constrained manners fill it with foolish presumption, through unnatural elevation and vain and ridiculous inflation, instead of solid and vigorous nutriment. View quote
Blaise Pascal
If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. ... There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it, we need it in order to get some fiscal stimulus. View quote
Paul Krugman
[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it? View quote
Paul Keating
Inflation is really like drugging the baby universe with speed. The supercool union of the hitherto unfriendly gods was blessed by amphetamine, and this made the universe inflate rather than just expand. The early orgy of expansion in the universe comes to an abrupt end as soon as the supercooled particle stuff finally freezes. View quote
João Magueijo
I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year. View quote
Victor Borge
There are many reasons there was higher inflation in the 1970s. But that is a complicated story that deals with much more than tax policies. View quote
Lawrence Klein
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself? (Murray Rothbard)
Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time. View quote
Timothy Geithner
Low inflation and government prudence may be harmful for economic development. View quote
Ha-Joon Chang
There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better. View quote
Ha-Joon Chang
Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying. View quote
Norman Lamont