Quotes About Inflation

If we look at it now from the consumer's point of view, we find that he can buy less with his money. Because he has to pay more for sweaters and other protected goods, he can buy less of everything else. The general purchasing power of his income has therefore been reduced.

all government expenditures must eventually be paid out of the proceeds of taxation; that inflation itself is merely a form, and a particularly vicious form, of taxation. Having

la inflación es un impuesto oculto que redistribuye la renta desde una parte de la sociedad hacia el Gobierno

característica esencial de la inflación es infundir aliento a miles de engañosas ilusiones.>

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.

Very deliberately, the central bankers have punished savers, pushing interest rates so low that any truly safe investment - and older people are always advised to play it safe - yields a negative return when inflation is factored in.

People aren't just paying more to fill their gas tanks or when they pay for their heating bills for their home; they are paying more at the grocery store, on air travel and for many other daily expenses.

I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.

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.

Paul Volcker is a tremendous hero with the Federal Reserve system and for the American economy. He took very tough actions and helped to break the back of double-digit inflation at a time when it had to be done.

seventeen rooms with six bathrooms and eight working fireplaces for $650. In 1884 these Dakota rents had seemed substantial. But the astonishing thing was that by 1960 they had risen hardly at all. Then

The ultimate lesson of history— and of this book—is that no nation has ever gotten rich by eroding the value of its money.

How do you end inflation? The good news is that a nation doesn't need tax hikes, super-high interest rates, horrible recessions—or even fishing restrictions. The way to do it, very simply, is to stabilize the value of money. How to achieve this? When a currency begins to slide, the first step should be for a government to publicly declare its intention to support its money, i.e., maintain its value. The way to do so is, very simply, by shrinking the monetary base.

In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.

Inflation is taxation without representation.

Inflation is always and everywhere a monetary phenomenon.

Lo que importa no es la inflación per se, sino la inflación no anticipada

Inflation is taxation without legislation

On the contrary, the inflation itself is partly a response to the reaction. As it has become politically less attractive to vote higher taxes to pay for higher spending, legislators have resorted to financing spending through inflation, a hidden tax that can be imposed without having been voted, taxation without representation. That is no more popular in the twentieth century than it was in the eighteenth.

Inflation is caused by too much money chasing after too few goods.

Then, just as two trees are the same age if they have the same number of tree rings, and just as two samples of glacial sediment are the same age if they have the same percentage of radioactive carbon, two locations in space are passing through the same moment in time when they have the same value of the inflaton field. That's how we set and synchronize clocks in our bubble universe.

The genius of inflation's pioneers was to provide an answer. They showed that the negative pressure required for an antigravity burst naturally emerges from a novel mechanism involving ingredients known as quantum fields.

Just as important, the energy released by the inflaton field isn't lost-instead, like a cooling vat of steam condensing into water droplets, the inflaton's energy condenses into a uniform bath of particles that fill space. This two-step process-brief but rapid expansion, followed by energy conversion to particles-results in a huge, uniform spatial expanse that's filled with the raw material of familiar structures like stars and galaxies.

The very existence of galaxies, stars, planets, and life itself derives from microscopic quantum uncertainty amplified by inflationary expansion.