Quotessence
Home / Topics / Inflation Quotes

Inflation Quotes

Browse 471 quotes about Inflation.

Related topics

Inflation Quotes

“It is clear that the crusade imposed on its participants extraordinary stresses. In an alien environment they experienced not only the perils of warfare, but also inflation, poverty, starvation, disease and death. They were often frightened and homesick. The knights among them were humiliated as they lost status without their arms and horses. Most of the leaders had nagging financial worries. It is not hard to understand their obsession with horses and their desire for loot.”

“The most obvious manifestation of the affordable housing crisis is in rising rents. Between 1900 and 2013, rents rose faster than inflation in virtually every region of the country and in cities, suburbs, and rural areas alike. But there is another important factor at work here that is an even bigger part of the story than the hikes in rent: a fall in the earnings of renters. Between 2000 and 2012 alone, rents rose by 6 percent. During that same period, the real income of the middling renter in the United States fell 13 percent. What was once a fissure has become a wide chasm that often can't be bridged.”

“Bags of potato chips have so much air they could be used as cushions for suicidal skyscraper jumpers. That's called inflation, because you spend more money and get less product. But here on my duck farm, we know the value of a dollar—and that's why we don't accept them.”

“Johnny Cash isn’t king. Not in this inflationary economy. He should have called himself Johnny Gold, but that sounds too full of usury. But Johnny Duckeggs, now THAT sounds kingly.”

“What is hyperinflation? It is the dramatic process of an established currency losing its usefulness as money. Prices rise rapidly and uncontrollably as a result of excessive money printing and a loss of confidence in the currency.”

“It has been said that no war has been fought without inflation. If we could ever devise a monetary system where inflation was absolutely prohibited, the chance of war breaking out would be greatly reduced. If we had to immediately pay for our foreign entanglements, people would not tolerate paying the bill with higher taxation. It's the meddling in the internal affairs of other nations that brings about the conditions that result in armed conflict. Not initially financing foreign intervention would make us much less likely to get involved in no-win, totally unnecessary wars.”

“Today it is cheaper to start a business than tomorrow.”

“... The Banks, as we now all too well know, must be rescued no matter what. 'The value of commodities is thus sacrificed in order to ensure the fantastic and autonomous existence of this value in money. In any event, a money value is only guaranteed as long as money itself is guaranteed.' Inflation, as we also know, must be kept under control at all costs. 'This is why many millions' worth of commodities have to be sacrificed for a few millions in money. This is unavoidable in capitalist production and forms one of its particular charms.' Use values are sacrificed and destroyed no matter what is the social need. How insane is that?”

“We confront a paradoxical process, then, whose duality - tetanization and inertia, acceleration in a void, overheated production with no attendant social gains or aims - is a reflection of the two phenomena conventionally attributed to the crisis: inflation and unemployment. Traditionally, inflation and unemployment are variables in the equation of growth. At this level, however, there is really no question of crisis: these phenomena are anomic in character, and anomie is merely the shadow cast by an organic solidarity. What is worrying, by contrast, is anomaly. The anomalous is not a clear symptom but, rather, a strange sign of failure, of the infraction of a rule which is secret - or which, at any rate, we know nothing about. Perhaps an excess of goals is the culprit - we simply do not know. Something escapes us, and we are escaping from ourselves, or losing ourselves, as part of an irreversible process; we have now passed some point of no return, the point where the contradictoriness of things ended, and we find ourselves, still alive, in a universe of non-contradiction, of enthusiasm, of ecstasy - of stupor in the face of a process which, for all its irreversibility, is bereft of meaning.”

“The individualist insists that drastic depressions are the result of credit inflation; (not excessive savings, as the Keynesians would have it) which at all times in history has been caused by direct government action or by government influence. As for aggravated unemployment, the individualist insists that it is exclusively the result of government intervention through inflation, wage rigidities, burdensome taxes, and restrictions on trade and production such as price controls and tariffs. The inflation that comes inevitably with government pump-priming soon catches up with the laborer, wipes away any real increase in his wages, discourages private investment, and sets off a new deflationary spiral which can in turn only be counteracted by more coercive and paternalistic government policies. And so it is that the "long run" is very soon a-coming, and the harmful effects of government intervention are far more durable than those that are sustained by encouraging the unhampered free market to work out its own destiny.”

“According to Cantillon, the beneficiaries from the expansion of the money supply are the first recipients of the new money, who are able to spend it before it has caused prices to rise. Whoever receives it from them is then able to spend it facing a small increase in the price level. As the money is spent more, the price level rises, until the later recipients suffer a reduction in their real purchasing power. This is the best explanation for why inflation hurts the poorest and helps the richest in the modern economy.”