Quotes About Inflation

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

The Fed's job is not to stall growth or to prevent economic 'overheating.' It is to keep prices stable and the dollar a strong and reliable currency.

Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

I did what I could to inflate the rumor I was on my way to stardom. What I was on my way to, by any mathematical standards known to man, was oblivion, by way of obscurity.

The many ways we have felt angry or cheated, rejected or misunderstood, isolated or forgotten, used or abused, only drive us deeper into victimhood, self-pity, and sadness. Our ego is expensive to keep fed, and makes extraordinary demands without ever being satisfied. When the ego becomes more and more inflated, the self is always imploding.

In theory, bad economic times should pull prices down, but the glut of global petrodollars kept pushing inflation up while high unemployment held wages down, giving birth to Stagflation. Lindsay raised taxes to make up for sliding revenues, but it wasn't enough, and here's where the nosedive began. State funds and property taxes come to the City twice a year, so to maintain cash flow it has to regularly borrow hundreds of millions of dollars.

What this country needs is a good five-cent nickel.

The arcade cabinet has become a rare sight in the United States, but in their best year, coin-operated games collected quarters that, adjusting for inflation, sum to more than twice the 2006 sales of U.S. computer and videogame software.5

Grain prices in France, for example, where the supply of coin was relatively scarce, were over seven times higher in 1600 than in 1500.

U—The Universe Is Expanding

She tries to not ask, to stop asking, but the effort is like trying to un-pop a balloon.

Man is the only animal that when you pat him on the head, his head swells up.

Every airman was given a "Mae West" life vest,*3 but because some men stole the vests' carbon dioxide cartridges for use in carbonating drinks, some vests didn't inflate.

The limitation on patience applies here because deferred spousal benefits rise in value between age 62 and FRA but they do not rise beyond that point. So holding out any longer won't hike your spousal benefits one red cent, save for the annual inflation adjustment. As for survivor benefits, which are available as early as age 60 (age 50 for widow[er]s of disabled workers), the reward for patience also ends at FRA.

And all you have to do is stay alive and those Social Security payments will keep coming each and every month—payments guaranteed by the United States government and protected against inflation. That's because every January, you get, by law, annual benefit raises that equal the prior year's rate of inflation.1

The wit of man," said Democratic Congressman George Pendleton of Ohio, "has never discovered a means by which paper currency can be kept at par value, except by its speedy, cheap, certain convertibility into gold and silver." If this bill passed, "prices will be inflated . . . incomes will depreciate; the savings of the poor will vanish; the hoardings of the widow will melt away; bonds, mortgages, and notes—everything of fixed value—will lose their value.

The reason I am so negative about the Federal Reserve's policies is that they only target core inflation and argue that they can't identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

This much I would say: Socialism has failed all over the world. In the eighties, I would hear every day that there is no inflation in the Soviet Union, there is no poverty in the Soviet Union, there is no unemployment in the Soviet Union. And now we find that, due to Socialism, there is no Soviet Union!

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

It was the biggest inflation and the most sustained inflation that the United States had ever had.

We will not play with inflation. We are living a delicate moment. President Obama spoke to me today about the high unemployment affecting the United States. In this crisis period, when the developed nations are not recovering, it's prudent to maintain the established inflation target.