Quotes About Inflation

First of all, the Big Bang wasn't very big. Second of all, there was no bang. Third, Big Bang Theory doesn't tell you what banged, when it banged, how it banged. It just said it did bang. So the Big Bang theory in some sense is a total misnomer.

The higher interest and higher inflation is a vicious cycle.

Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.

The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.

COBE discovered the quantum fluctuations that were generated when the Universe was roughly the size of a grain of sand, and which are ultimately the origin of you

Some of the habits back then seem not so much of another era as from a different planet. On the Friday lunchtime before home games, for instance, the trainer Tom Curry used to inflate the match ball, lace it up and immerse it in a bucket of water, where it stayed, kept submerged by a brick, until just before kick-off. It would then be pulled out ready for action, saturated, weighing about half a ton.

Those who are trying to impress others must puff themselves up.

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

The best way to destroy the capitalist system is to debauch the currency.

How is the human race going to survive now that the cost of living has gone up two dollars a quart?

Keynesian economics has always been needed.

Every time I think you've reached the limits of arrogance, you show me new heights. Truly, your egotism is like the Universe—ever expanding.

This means that workers can expect to get more money as society becomes more advanced, but only because more money is produced. As more of it is produced, it skews the balance of supply vs. demand and so causes inflation – it is as if money itself gets cheaper. So the rate at which wages increase will tend to be the same as the rate of inflation – nominal but never real, in economic terms.

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.

Bolivia was the first country to stop hyperinflation in a democracy without depriving people of their civil rights and without violating human rights.

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.

Where the currency depreciation is a result of government inflation carried out by the issue of notes, it is possible to avert its disastrous effect on economic calculation by conducting all bookkeeping in a stable money instead. But so far as the depreciation is a depreciation of gold, the world money, there is no such easy way out.

Inflationism is that monetary policy that seeks to increase the quantity of money.

Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult.

Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account.

A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation.

The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again.