Quotes About Inflation

Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%.

You cannot have an asset that goes up in price 1% every month or 1% every six months or every day without people starting to start thinking it'll do the same tomorrow, so that's why these bubbles form.

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.

Sin embargo, ninguna ha experimentado el desbordamiento fantástico y grotesco de todo eso a la vez, tal y como ocurrió en Alemania en 1923. Ninguna ha vivido esa danza de la muerte carnavalesca y gigante, esa saturnal eterna, sangrienta y grotesca, en la que no sólo se devaluó la moneda, sino todos los demás valores. El año 1923 preparó a Alemania no para el nazismo en particular, sino para cualquier aventura fantástica.

This is the breezy parlance of the anesthesia dude. He stands in the door with clip-on sunglasses flipped up from his specs. He's clearly on his way out. Whaddayou mean, I roar at him, whaddayou MEAN it didn't take! I'm incapable of speaking without exclamation points and italics and any available typographical inflation.

Still, Berlin was the new center of Jewish intellectual and literary life. Writers and thinkers from the Russian Empire had fled there, and young and old now frequented the same cafés and competed for the same commissions from American Jewish publications—getting paid in dollars was the best way to survive Germany's galloping inflation. Dubnow

the first century of the US Federal Reserve's existence has been a failure. Not only has there been incontinent inflation since 1913, the year the Fed came into existence (8 per cent in the preceding 120 years, 2,300 per cent in the succeeding hundred years), but there has been devastating deflation too, and more banking panics, more financial volatility, longer and deeper recessions.

Maybe you can't afford to give them a raise, but how can they afford to live when the cost of living has shot sky-high? They've got to eat, don't they?

The wads of worthless paper money were growing heavier in the pockets of the nation, but there was less and less for that money to buy. In September, a bushel of wheat had cost eleven dollars; it had cost thirty dollars in November; it had cost one hundred in December; it was now approaching the price of two hundred—while the printing presses of the government treasury were running a race with starvation, and losing.

I have been afraid of putting air in a tire ever since I saw a tractor tire blow up and throw Newt Hardbine's father over the top of the Standard Oil sign.

Thirty or forty bucks an hour, old men still talked like those were the days Jesus walked among us throwing around hundred-dollar bills.

In 1974, it cost $1,442 (in 2011 dollars) to fly from New York to Los Angeles; today it can be done for less than $300.

In the United States in 1901, an hour's wages could buy around three quarts of milk; a century later, the same wages would buy sixteen quarts. The amount of every other foodstuff that can be bought with an hour of labor has multiplied as well: from a pound of butter to five pounds, a dozen eggs to twelve dozen, two pounds of pork chops to five pounds, and nine pounds of flour to forty-nine pounds.20

In the United States in 1901, an hour's wages could buy around three quarts of milk; a century later, the same wages would buy sixteen quarts.

Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.

I always wondered about that: if you can create money out of thin air, why not do that far more than is being done already?

The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Monetary policy should remain data dependent, be well communicated, and ensure that inflation expectations remain anchored.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

I'm happy to make returns of 4% to 6% a year on my real estate portfolio. If inflation comes along I'll be able to increase rent and have capital appreciation roughly in line with inflation.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.