Quotes and Sayings about Inflation



"However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration's policies force inflation."
- Tim Bishop
(Related: Force, Inflation, President, Will)

"Foreign trade clearly has been a reason why inflation has been low."
- Tim Bishop
(Related: Inflation, Reason, Trade)

"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
(Related: Time, Inflation, Mind, Will)

"Production is the only answer to inflation."
- Chester Bowles
(Related: Inflation, Production)

"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
(Related: Nature, Inflation, Medicine, Will)

"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
(Related: Congress, Inflation, Now, Wage, Years)

"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
(Related: Faith, Money, Inflation, Worth)

"When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis."
- Nick Clooney
(Related: Class, Germany, Inflation, Middle class)

"Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy."
- John Conyers
(Related: Health, America, Care, Economy, Inflation)

"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
(Related: Power, Failure, Congress, Inflation, Now, Wage, Years)

"Bankers know that history is inflationary and that money is the last thing a wise man will hoard."
- Will Durant
(Related: History, Money, Man, Will)

"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
(Related: Hair, Inflation)

"Inflation is lower and more stable and the real business cycle fluctuations are more modest."
- Martin Feldstein
(Related: Business, Inflation)

"Domestic inflation reflects domestic monetary policy."
- Martin Feldstein
(Related: Policy, Inflation)

"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
(Related: Arguments, Inflation, Today, Years)

"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."
- Martin Feldstein
(Related: Experience, Growth, Inflation, Now, Theory)

"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
(Related: Gain, Inflation)

"Inflation is taxation without legislation."
- Milton Friedman
(Related: Inflation, Legislation, Taxation)

"Inflation is the one form of taxation that can be imposed without legislation."
- Milton Friedman
(Related: Inflation, Legislation, Taxation)

"During the past two decades, inflation has fallen to a low level in major industrial countries."
- Toshihiko Fukui
(Related: Countries, Inflation, Past)

"The Fed has the ability to put money out, it's got the ability to take money back in, and if they don't do that, we will have hyperinflation worse than we had in 1980 and 1981."
- Chuck Grassley
(Related: Money, Ability, Will)

"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
(Related: Absence, Gold, Inflation, Value)

"If we have wealth, it will be protected from inflation and possibly even enhanced in value."
- William Greider
(Related: Wealth, Inflation, Value, Will)

"Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go."
- Bill Gross
(Related: Company, Economy, Future, Inflation, Order, Safety, Trying, Want)

"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
(Related: History, Exaggeration, Gain, Inflation)

"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."
- Ernest Hemingway
(Related: War, First, Inflation, Nation, Prosperity, Ruin)

"We are a people trying not only to solve the problems of the present: unemployment, inflation... but we are attempting on a larger scale to fulfill the promise of America."
- Barbara Jordan
(Related: People, America, Inflation, Problems, Promise, Trying, Unemployment)

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
- John Maynard Keynes
(Related: Wealth, Inflation)

"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
- John Maynard Keynes
(Related: Government, Wealth, Inflation)

"I'm a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter."
- Jeane Kirkpatrick
(Related: Defeat, Inflation, President, Problems, Productivity, Study, Unemployment)

"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."
- Vladimir Lenin
(Related: Inflation, Taxation)

"This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it."
- Jim Nussle
(Related: Economy, Inflation)

"And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it."
- Barack Obama
(Related: Health, Progress, Goal, Care, Inflation)

"Inflation is the crabgrass in your savings."
- Robert Orben
(Related: Inflation)

"Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price."
- Robert Orben
(Related: Time, History, Selling, Democracy, First, Inflation)

"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
(Related: Inflation, Workers)

"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
(Related: Power, Knowledge, Evil, Inflation, Persistence, Public, Secrecy)

"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
(Related: Life, Country, Inflation, Now, Right, Suffering, Unemployment, Youth)

"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
(Related: Expectations, Inflation)

"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
(Related: Inflation, Now, Right)

"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
(Related: Government, Growth, Inflation, Job, Pollution, Reality, Risk)

"Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man."
- Ronald Reagan
(Related: Inflation, Man)

"Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation."
- Robert Reich
(Related: Inflation, Production, Wages, Workers, Years)

"The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery."
- Karl Rove
(Related: Growth, Decisions, Difficulty, Inflation, Interest, Public, Taxes, Will)

"I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it."
- William E. Simon
(Related: Love, People, American, Causes, Hate, Inflation)

"Well, I think the global economy is in the position for continuing good growth with inflation well in check."
- John W. Snow
(Related: Growth, Economy, Inflation)

"We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage."
- John W. Snow
(Related: Eye, Inflation)

"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
(Related: Growth, Inflation, Moderation, Oil)

"But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation."
- John W. Snow
(Related: Economy, Environment, Inflation, Needs, Numbers)

"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
(Related: Inflation, Job, Misery, Unemployment)

"Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true."
- Charles Vest
(Related: Technology, Education, Science, People, Importance, Inflation)

"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
(Related: Bargain, Inflation, Unemployment)

"The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure."
- William Vickrey
(Related: Policy, Effect, Interest, Pressure)

"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
- William Vickrey
(Related: Inflation)

"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
(Related: Inflation, Unemployment)

"By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation."
- Paul A. Volcker
(Related: Time, Feeling, Inflation)

"It was the biggest inflation and the most sustained inflation that the United States had ever had."
- Paul A. Volcker
(Related: Inflation, states, United)

"Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed."
- Paul A. Volcker
(Related: Inflation)

"When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do."
- Paul A. Volcker
(Related: Thought, People, Fact, Inflation)

"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
- Paul A. Volcker
(Related: America, Inflation, Investment)

"Inflation is the senility of democracies."
- Sylvia T. Warner
(Related: Inflation)

"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
(Related: Being, Country, Inflation, Nixon)