Quotes About Inflation
Only by historical methods can we explain why, over the past thirty years, so many countries created forms of debt that, by design, cannot be inflated away; and why, as a result, the next generation will be saddled for life with liabilities incurred by their parents and grandparents.
~ Niall Ferguson
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every one per cent increase in the Bank of England's base lending rate correlated with a three per cent drop in government popularity.
~ Niall Ferguson
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and growing need for fixed income securities, and for low inflation to ensure that the interest they pay retains its purchasing power. As more and more people leave the workforce, recurrent public sector deficits ensure that the bond market will never be short of new bonds to sell.
~ Niall Ferguson
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The S&Ls were simultaneously losing money on long-term fixed-rate mortgages, because of inflation, and haemorrhaging deposits to higher-interest money market funds.
~ Niall Ferguson
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Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.' What
~ Niall Ferguson
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Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.
~ Niall Ferguson
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La inflación —escribía Milton Friedman en una célebre definición— es siempre y en todas partes un fenómeno monetario, en el sentido de que no puede producirse sin un incremento más rápido en la cantidad de dinero que en la producción.»
~ Niall Ferguson
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Como decía Milton Friedman, la inflación es un fenómeno monetario. Pero la hiperinflación es siempre y en todas partes un fenómeno político, en el sentido de que no puede producirse sin una disfunción fundamental de la economía política de un país.
~ Niall Ferguson
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The modern-day dollar bill acquired its current design in 1957. Since then its purchasing power, relative to the consumer price index, has declined by a staggering 87 per cent. Average annual inflation in that period has been over 4 per cent
~ Niall Ferguson
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Para entender el declive económico de Argentina hace falta, una vez más, ser conscientes de que la inflación es un fenómeno político tanto como monetario.
~ Niall Ferguson
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The second means of building a fortune through theft was to take advantage of sky-high inflation rates.
~ Chris Miller
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The oligarchs' business model was changing, too. In the early 1990s, most of the great fortunes were made in banking, by taking advantage of high inflation or otherwise stealing from the state. But the 1998 crash had driven many of the oligarchs' banks out of business.
~ Chris Miller
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Lefever describes his financing plan with modesty: 'Our detailed budget is realistic, but does not take into account the inflation that may occur before September 1983. The one place it could cut or reduce is item 7, the simultaneous interpreter services, if these services could be provided gratis by the U.S. government.' In other words, the only way to make a saving on a U.S.-subsidized project is to take money out of another U.S.-subsidized column.
~ Christopher Hitchens
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This Hitler movement was a revolt of the lower middle classes, whose savings had been wiped out by the inflation and who saw themselves being reduced to the status of proletarians.
~ Upton Sinclair
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Currency inflation is to the government what as anesthetic is to the surgeon; it provides an easy and painless way of separating the rich from their savings and reducing the wages of all employed persons in the community.
~ Upton Sinclair
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Portugal was making money out of both sides in the war, and, as always, the rich were adding to their hoards while the poor discovered the meaning of inflation and that wages never kept up with the stealthy increase in the cost of food.
~ Upton Sinclair
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But even as the Depression had worsened, food prices had gone up. Five gallons of kerosene cost a dollar. Two pounds of butter cost fifty cents. Six pounds of rice cost nearly half a dollar.
~ Kristin Hannah
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But then around 1980, under the camouflage of high inflation, private colleges started increasing their prices every year a bit faster than inflation. Public colleges soon followed suit, state legislatures started cutting university funding, and that vicious cycle picked up speed. In the 1990s the price of a college education ballooned even faster—especially at public institutions—and never stopped.
~ Kurt Andersen
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A person who used to do CA article-ship in year 2000 used to get Rs.1000 as stipend and in year 2022 the stipend is Rs.2000 only. But the value of Rs.1000 in year 1000 is much more than of Rs.2000 in year 2022. This is how students are exploited and that's way education system is fool making process and CA is worthless
~ Lakshheish M Patel
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Stock market fall is fake because of greed of companies promoters. Reasons like GDP data. Inflation, Fed figures American stock market fall, slowdown, recession , Repo rate are all fabricated drama to loot public invested money
~ Lakshheish M Patel
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Economist Robert Higgs wrote a book about this phenomenon titled Crisis and Leviathan, in which he argues that government intervention inevitably creates future problems, which results in the government's intervening even more in an attempt to correct them.)
~ Glenn Beck
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In China, the only creatures that can really block forward momentum are the leaders of the Communist Party. Zhu Rongji made his career by taming inflation, which reached an annual rate of 21.7 percent in 1994.
~ Gordon G. Chang
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This is the final bubble. The US government now has to keep printing money to keep things stable. Maybe when the economy booms again they can hold off—but that might be a while.
~ James Altucher
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I'm a small businessman and I'm well aware of the uncertainties of the economy, exactly what the 'inflationary spiral' means when I'm forced to raise prices to my customers, and how taxes can eat into your earnings.
~ Harvey Milk
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