Inflation Quotes

• By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

  John Maynard Keynes

  Money, Power, Government

  John Maynard Keynes (2016). “The Economic Consequences of the Peace”, p.121, Skyhorse Publishing, Inc.

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• Inflation is a form of tax, a tax that we all collectively must pay.

  Henry Hazlitt

  Pay, Form, Taxes

  18 Copy quote

• Inflation is taxation without legislation.

  Milton Friedman

  Money, Taxation, Conservative

  69 Copy quote

• Inflation makes the wealthiest people richer and the masses poorer.

  James Cook

  People, Mass

  33 Copy quote

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

  Ronald Reagan

  Men, Scary, Muggers

  24 Copy quote

• The natural tendency of the state is inflation.

  Murray Rothbard

  Natural, States, Tendencies

  Murray N. Rothbard (2011). “Economic Controversies”, p.713, Ludwig von Mises Institute

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• Inflation takes from the ignorant and gives to the well informed.

  Venita VanCaspel

  Giving, Ignorant, Economics

  Venita VanCaspel (1986). “Money dynamics for the new economy”, Simon & Schuster

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• Production is the only answer to inflation.

  Chester Bowles

  Answers, Productions

  11 Copy quote

• 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.

  Ernest Hemingway

  War, Political, Ruins

  Ernest Hemingway (2014). “The Hemingway Collection”, p.4177, Simon and Schuster

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• Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

  James A. Garfield

  Country, Money, Powerful

  101 Copy quote

• The lesson is clear. Inflation devalues us all.

  Margaret Thatcher

  Lessons, Devalue, Clear

  21 Copy quote

• Continued inflation inevitably leads to catastrophe.

  Ludwig von Mises

  Catastrophe

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

  Milton Friedman

  Country, Perfect, Heaven

  "The Counter-Revolution in Monetary Theory". Book by Milton Friedman, June 1, 1970.

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

  Vladimir Lenin

  Crush, Interesting, Political

  136 Copy quote

• Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.

  Henry Hazlitt

  Long, Growth, Enemy

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.132, Ludwig von Mises Institute

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• Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

  Sam Ewing

  Funny, Birthday, Hilarious

  86 Copy quote

• During inflation, Goodwill is the gift that keeps on giving.

  Warren Buffett

  Vacation, Giving, Mental Toughness

  9 Copy quote

• Inflation is the one form of taxation that can be imposed without legislation.

  Milton Friedman

  Business, Political, Taxation

  41 Copy quote

• When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

  Ronald Reagan

  Mistake, Government, Years

  Ronald Reagan (1993). “Actor, Ideologue, Politician: The Public Speeches of Ronald Reagan”, Greenwood Publishing Group

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• Inflation is repudiation.

  Calvin Coolidge

  Economy

  Calvin Coolidge (2001). “The Price of Freedom: Speeches and Addresses”, p.110, The Minerva Group, Inc.

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• Inflation is like toothpaste. Once it's out, you can hardly get it back in again.

  Karl Otto Pohl

  Economics, Toothpaste

  17 Copy quote

• 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.

  Ludwig von Mises

  Important, Elements, Disease

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.72, Ludwig von Mises Institute

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• Inflation is always and everywhere a monetary phenomenon.

  Milton Friedman

  Economics, Economist, Monetary Policy

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.272, Houghton Mifflin Harcourt

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• [U]nemployment is ... a side effect of the cure for inflation.

  Milton Friedman

  Investing, Sides, Economics

  12 Copy quote

• Inflation is the senility of democracies.

  Sylvia Townsend Warner

  Democracy, Economics, Senility

  16 Copy quote