“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.”
PinBy a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. – John Maynard KeynesPinIt 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 SowellPinInflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. ― Sam EwingPinInflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. – Ronald Reagan
“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.”
PinInflation makes the wealthiest people richer and the masses poorer. – James CookPinInflation is taxation without legislation. – Milton FriedmanPinPricing power is important in business. You want your business to have the flexibility to raise prices as needed, especially with regard to inflation. ― Hendrith Vanlon Smith Jr.PinInflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living. – Kevin Brady
15 Thought-provoking Quotes on Inflation
“Whoever controls the volume of money in our country is absolute master of all industry and commerce… when you realize that 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.”
James A. Garfield
PinThe way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. – Vladimir LeninPinInflation is a form of tax, a tax that we all collectively must pay. – Henry HazlittPinI 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
“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
PinThe new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created. — Charles LindberghPinContinued inflation inevitably leads to catastrophe. – Ludwig von Mises
“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.”
Ludwig von Mises
PinIn 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 GreenspanPinThere 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 HooverPinFiat currency isn’t money – it’s a weapon. Every duck farmer knows this, and you can only pretend ‘The Fake is The Real’ for so long before mass starvation takes place. ― Jarod Kintz
“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
PinAvoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise. – Paul SamuelsonPinUnemployment is a side effect of the cure for inflation. – Milton FriedmanPinInflation is taxation and taxation is theft that takes more money out of hard-working Americans’ pocket books. – Lauren Boebert
11 Wise Quotes About Inflation (WISDOM)
“Cash – in savings accounts, short-term CDs or money market deposits – is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.”
Suze Orman
PinInflation takes from the ignorant and gives to the well informed. – Venita VanCaspelPinProduction is the only answer to inflation. – Chester BowlesPinLow and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits. – Ben BernankePinIn 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 KiyosakiPinEvery time the Fed implements ‘quantitative easing,’ a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost. – Robert KiyosakiPinInflation is like toothpaste. Once it’s out, you can hardly get it back in again. – Karl Otto PohlPinThe lesson is clear. Inflation devalues us all. – Margaret ThatcherPinIf the world’s using bitcoin, governments won’t be able to fund wars through inflation like they do today. – Roger VerPinHistorically, gold has always been a safe haven against inflation and a safe haven in times of political instability. – John PaulsonPinThere are two main drivers of asset class returns – inflation and growth. – Ray Dalio
10 Quotes on Inflation that Will Make You Think
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output… A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.”
Milton Friedman
PinInflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth. – Henry HazlittPinProlonged inflation never ‘stimulates’ the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. – Henry HazlittPinRampant inflation is just as hard to live with as the devaluation of commodities. – David HarveyPinIf inflation is the genie, then deflation is the ogre that must be fought decisively. – Christine LagardePinIn 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 SpoonerPinInflation is taking up the poverty line, and poverty is not just economic but defined by way of health and education. – Azim PremjiPinInflation is always and everywhere a monetary phenomenon. – Milton FriedmanPinHaving a little inflation is like being a little pregnant. – Leon HendersonPinInflation is the senility of democracies. – Sylvia Townsend Warner
(MUST READ) Inflation: What It Is, Why It’s Bad, and How to Fix It
Overcoming depression and suicidal thoughts, Jeremiah Say found solace in quotes. After filling countless pages with resonating words, he moved his collection online to save trees and inspire others. Thus, GraciousQuotes.com was born. Jeremiah firmly believes in the power of quotes to swiftly spark inspiration during hard times. His blog is dedicated to uplifting others through these shared wisdoms. Discover more about Gracious Quotes or get in touch with Jeremiah.
