Quotes About Inflation

Asking government to report inflation is like asking mafia to report on crime.

Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.

What is the effect of unlimited coinage of silver in this country? and I invite your attention to this particularly, because it is a question of vital importance.

Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.

I've talked about commodity price volatility in the past: go back to the tape... I never said it was about inflation.

Efforts to promote financial stability through adjustments in interest rates would increase the volatility of inflation and employment. As a result, I believe a macro-prudential approach to supervision and regulation needs to play the primary role.

Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable.

In Ukraine one cup of coffee is five dollars!

In both countries rapid inflation caused homegrown produce to be withheld from the urban markets, with hunger and anger the inevitable result.

The question to be asked - the danger to be recognised - is how inflation, however caused, affects a nation: its government, its people, its officials, and its society. The more materialist that society, possibly, the more cruelly it hurts.

What has made central bankers into the exemplar of modern crisis-fighting is the vacuum created by the evisceration of organized labor, the absence of inflationary pressure, and more broadly, the lack of antisystemic challenge.

Pay in the acting world hasn't kept up with inflation.

Inflation hasn't ruined everything. A dime can still be used as a screwdriver.

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.

Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for 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.

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.

By tying minimum wage to money supply, the poor's income would rise and fall with the rise and fall in money supply.

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

Rent and the cost of essentials like food and child care are rising so fast that wages are not keeping up.

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.

Inflation outstripped real wages for people who work for pay from others.

I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.