Quotes About Inflation

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.

The only way to ensure that inflation expectations remain safely anchored near the FOMC's target is to keep inflation close to that target on a consistent basis.

During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief.

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

I hope that more Canadians will become interested in in how the inflation rate target affects our purchasing power, our standard of living and therefore our life.

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.

Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day.

Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.

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.

Every 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.

While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.

Until the province is willing to look internally at their inflated budget, to engage the private sector, to exhaust every other available avenue, we can't justify a series of costly new taxes on residents who are already telling us that they just can't afford it.

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.

They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression.

5 or 1 pound," for that performance only. Inflation makes it hard to calculate the actual value of a pound sterling at that time, but some idea of its worth may be obtained by recalling that a British working man with a small family could live in a city on just over one pound a week. For regular

Gold standard caps inflation. If dollars are printed too quickly one can convert gold to pounds to dollars and back to gold again to make profit until the markets adjust back down. Friedman argues that gold standard hampers a government's ability to wage war. But is that a bad thing?

In an educated society with a well-run government, prices should actually come down.

our wealth grows automatically, staying ahead of inflation.

For example, if you have a million dollars in savings, earning $20,000 from 2-percent taxable interest rate, and you earn more than $65,000 as a single person or $110,000 as a couple a year, that $20,000 will be taxed at approximately 30 percent, leaving you an effective return from your million dollars of about $14,000. That equates to an effective return of 1.4 percent before inflation.

In 1994, I retired. I was 47, and my wife Kim was 37. Retirement does not mean not working. For us, it means that, barring unforeseen cataclysmic changes, we can work or not work, and our wealth grows automatically, staying ahead of inflation. Our assets are large enough to grow by themselves. It's like planting a tree. You water it for years, and then one day it doesn't need you anymore. Its roots are implanted deep enough. Then the tree provides shade for your enjoyment.

Today, savers are the biggest losers. Since 1971, the U.S. dollar has lost 95 percent of its value when compared to gold. It will not take another 40 years to lose its remaining 5 percent.

He was blowing up the bladder.

When I was a kid, buying packets and penny approvals and filling spaces in my Modern Stamp Album, nothing was easier to find and to afford than those German issues. Think of it, a stamp that cost fifty billion marks! And it was mine for a penny!

Cheap years tend to increase the proportion of independent workmen to journeymen and servants of all kinds, and dear years to diminish it.