Quotes About Inflation

Inflation is determined by money supply growth.

There are plenty of good five-cent cigars in the country. The trouble is they cost a quarter. What the country really needs is a good five-cent nickle.

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.

I got quarters in my loafers trying to fight inflation when it only used to take a cent.

We gotta control inflation, quit spending our money on everything. But this years tax increase, why it's the biggest in history.

Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

Looked at from another perspective, in the 30 years from 1952 to 1981, stocks returned 9.9% and bonds returned only 2.3%, while inflation annualized out at 4.3%. Thus, during this period, the bond investor lost 2% of real value on an annualized basis, while the stock investor made a 5.6% real annualized return. The last fifteen years of that period were years of high inflation, so this is just another way of saying that stocks withstand inflation better than bonds. Short-term

We tend to extrapolate the recent past indefinitely into the future; in the 1970s, investors thought that inflation would never end, whereas now most people think it will never occur again. The first viewpoint was proven wrong within a few years, and the latter viewpoint most likely will be soon.

the universe may, in fact, be bigger than this, because the notion of inflation suggests that in the first second of its existence, the space-time in which the universe is embedded expanded much faster than the speed of light. If so, the real universe may be billions of billions of times larger than the observable universe.

People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than they expected. Retirees who get locked into a weak annuity will find that the Bank's money printing leaves them out of pocket for the rest of their lives.134

Brown inherited a growing economy, low inflation and rising tax revenues. If he had just done nothing, or stayed in bed, or taken up Scottish country dancing full time, or gone on holiday for the rest of his life and not meddled with the economy, he would have gone down in history as one of Britain's greatest ever chancellors.

Thus, a battleship cost around £10m in 1940. Building that battleship today might cost £500m, but to build a battleship representing the same proportion of current GDP would mean spending £2.5bn.

Personal residences and privately held businesses constitute important nonfinancial assets on many personal balance sheets. Homeownership insulates individuals from changes in the cost of renting a place to live. Since inflation-sensitive habitation costs constitute a significant portion of most household budgets, homeownership reduces the need for inflation-hedging assets in investor portfolios.

In 1953, at the beginning of the Eisenhower era and the glory years of the auto industry, Hudson's had done $153 million in retail sales; in 1981 the downtown Hudson's had done only $44 million—a figure, if adjusted for inflation, about 6 percent of the 1953 total.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

The way prices are rising, the good old days are last week.

It's good news that he is proposing to restore budget cuts that he made, but the reality is that he is still proposing a 4.5 percent increase in tuition that's above inflation.

The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.

Only government can cause inflation, preserve monopoly, and punish enterprise.

The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

If the governments devalue the currency in order to betray all creditors, you politely call this procedure 'inflation'.