Words matter. These are the best Inflation Quotes from famous people such as Ronald Reagan, Robert Orben, Nick Clooney, Adi Godrej, Kelly Evans, and they’re great for sharing with your friends.
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis.
When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.
A cheaper British currency could be a crisis if its swift move provoked a broader financial crisis, which it has not, or if it triggered massive inflation. For now, cheaper sterling will hurt some British households and enterprises while being a boon for others.
A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Right now the long-term investors are telling us that they’re not as concerned about inflation and so we’re seeing these rates now move into the marketplace and out to the street – rates that individuals can get.
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
However, this President sees no problem eliminating funding for Perkins Loans in his budget, even though the cost of tuition is rising and will continue to rise as the administration’s policies force inflation.
We know that inflation distorts economic behavior. In the 1970s, a combination of high tax rates and inflation prompted investors to flee production in favor of protection.
One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a ‘neo-liberal’ ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.
It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress’s failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.
‘Eternal inflation,’ as it’s called – the endless generation of new universes – may be a hyper-cosmic imperative. It seems that it must happen.
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.
During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions – a development that made it more difficult to stabilize both inflation and employment.
Prisoners have benefited disproportionately from ‘rights inflation’ – the expansion of human rights into unforeseen nooks and crannies.
Double-digit inflation is a terrible thing – and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
I continue to think many of the factors holding down inflation are transitory… We want to be careful not to jump to a premature conclusion about what’s in store for the U.S. economy.
Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all – to different degrees – unnecessary slices of the wedge that stand between an individual’s effort and reward for that effort.
The best measure of inflation is what is happening with commodity prices.
The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Venezuelans are tired of 14 years of promises and no results. The only things growing are inflation, murder and crime. The good indicators – production, education and jobs – are all falling.
I’m a political scientist and I study these things, and I know that economic problems, with the rising unemployment and inflation and low productivity and so forth, were a factor in that election, in that defeat of President Carter.
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.
Under Reagan’s policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.
All kinds of excuses have been given by governments for not implementing this recommendation like food price inflation. But the question is, do the farmers of this country, who constitute nearly half of the working population, also not need to eat?
If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.
Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.
The industrial world enjoys a rare combination of growth and low inflation; the ‘Washington consensus,’ a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries.
If inflation is brought down, interest rates will fall. Once rates fall, we have the opportunity to maybe achieve the goal of ‘housing for all’ faster; take roads, infrastructure to India’s interiors.
I’m just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
In the ’30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That’s not going to work today.
We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is.
If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We’d have drowned in inflation, or gone bankrupt, decades ago.
The higher interest and higher inflation is a vicious cycle.
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
We don’t have a major problem right now in our country, and life is normal. Things like unemployment, which the youth are suffering from, and the rate of inflation – these are chronic conditions and we have to solve them.
Inflation is not an abstract idea thrown around by finance gurus. Inflation is a very real threat to the pocketbooks of hardworking Americans throughout our great country.
The role of monetary policy is to smooth out business cycles by promoting steady inflation and healthy labor markets, but modern central bankers have taken an activist turn.
If you are looking for a hedge for potential inflation for the future and have a longer term view, then gold is still a good bet.
Inflation was driven by higher labor costs, not higher goods costs. Frankly, I’d love to see a little bit of that. Because I’d love to pay people more. I’d love to see rising wages for everybody.
My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation.
