Inflation Quotes - Page 11

• You can't view inflation as a perception issue. Price rise should be seen as a reality. What is available for a consumer should be seen for what it is. There should never be an attempt to view price rise as a perception issue as a means of escaping the reality of price rise.

  Narendra Modi

  Mean, Reality, Escaping

  Source: www.huffingtonpost.in

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• A very complicated mass of things influences the economy - the speculative effect, government policy, consumer borrowing and spending, the level of technical innovation (which I concede, although everyone emphasizes it too much), and much more - including, of course, the rate of inflation.

  John Kenneth Galbraith

  Government, Innovation, Too Much

  Source: progressive.org

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• Workers' wages are not keeping up with inflation. Their wages are not on pace with the amount of work that they do. We work harder and longer in America and still people's wages are not keeping up with that.

  Nina Turner

  Hard Work, America, People

  Source: www.glamour.com

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• An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

  Mark Zandi

  Rising, Today, Economy

  Source: www.washingtonpost.com

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• Just imagine, more than half of the young people in the European Union do not have jobs. How can one explain that? How can one explain that to a working family, that produces goods and services, those who produce the olive oil that is a a main source of food in any European country? They humbly work the land with great effort and then the little resources they had saved in banks have now become dust simply because they did not have the means to withstand inflation produced by the adjustment policies.

  Alejandro Castro Espin

  Country, Jobs, Mean

  "The Future of Cuba". Interview with Lasonas Pipinis Velasco, www.counterpunch.org. February 27, 2015.

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• I think the minimum wage outght to keep pace with inflation. I think the minimum wage is a good thing to have in our country and I think it ought to be updated.

  Mitt Romney

  Country, Thinking, Pace

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• Back in the '60s, for example, just as inflation was beginning to be a big problem, Presidents J.F.Kennedy and Lyndon Johnson would often publicly browbeat companies for raising prices and threatening to move federal defense purchases to different countries.

  Greg Ip

  Country, Moving, President

  "Analyzing the long-term value of Trump’s Carrier agreement". "PBS NewsHour" with Judy Woodruff, www.pbs.org. December 1, 2016.

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• Deficit spending is simply a scheme for the confiscation of wealth.

  Alan Greenspan

  Money, Gold, Wealth

  "Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.

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• 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.

  Franklin Raines

  Moving, Long, Individual

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• They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

  Franklin Raines

  Moving, Believe, Average

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• Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.

  Bill Gross

  Believe, Thinking, Action

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• She [Comedy] it is who proposes the correcting of pretentiousness, of inflation, of dulness, and of the vestiges of rawness and grossness to be found among us. She is the ultimate civilizer, the polisher, a sweet cook.

  George Meredith

  Sweet, Rawness, Comedy

  George Meredith (1956). “The Egoist: A Comedy in Narrative”, p.4, Library of Alexandria

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• When women take off their corsets and heighten their skirts it always means high inflation and low morals.

  James Laver

  Women, Mean, Skirts

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• In the popular mind, if Hoyle is remembered it is as the prime mover of the discredited Steady State theory of the universe. "Everybody knows" that the rival Big Bang theory won the battle of the cosmologies, but few (not even astronomers) appreciate that the mathematical formalism of the now-favoured version of Big Bang, called inflation, is identical to Hoyle's version of the Steady State model.

  Fred Hoyle

  Appreciate, Mind, Battle

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• Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

  Ludwig von Mises

  Demand, Cash, Increase

  "The Free Market and Its Enemies". Ludwig von Mises' speech to the Foundation for Economic Education, 1951.

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• If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most of those who will retire at the end of the century will be dependent on the charity of the younger generation. And ultimately not morals but the fact that the young supply the police and the army will decide the issue: concentration camps for the aged unable to maintain themselves are likely to be the fate of an old generation whose income is entirely dependent on coercing the young.

  Friedrich August von Hayek

  Real, Fate, Army

  "The Constitution of Liberty". Book by Friedrich Hayek, Part III. Freedom in the Welfare State, Chap. 19 : Social Security, 1960.

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• The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.

  Nigel Lawson

  Monday, People, Black

  Speech to the Conservative Party Conference, October 13, 1988.

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• Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.

  Timothy Geithner

  Country, Strong, Independent

  "This Week" with George Stephanopoulos, abcnews.go.com. March 29, 2009.

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• If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. ... There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it, we need it in order to get some fiscal stimulus.

  Paul Krugman

  Twilight, Order, Space

  "Paul Krugman Calls for Space Aliens to Attack Earth Requiring Massive Defense Buildup to Stimulate Economy". "Fareed Zakaria GPS", www.newsbusters.org. August 14, 2011.

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• The well-being of the British people and the health of our economy are far more important than any government's commitment to a particular strategy, but to change course now would be fatal to the whole counter-inflation strategy.

  Geoffrey Howe

  Commitment, Government, People

  "Chancellor determined not to change course in the fight against inflation". The Times, March 11, 1981.

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• Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
  "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.

  Milton Friedman

  Real, Years, Significant Change

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• But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.

  John Chamberlain

  Wisdom, Moving, Car

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• Nothing disturbs me more than the downward trend of productivity in our nation today. The consequences of a decrease in productivity are a diminished standard of living, higher labor costs, less competitive prices, and more inflation.

  Robert S. Strauss

  Wisdom, Cost, Trends

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• The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

  Ben Bernanke

  Risk, Demand, Path

  Ben Bernanke's Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, www.federalreserve.gov. February 15, 2006.

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• Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.

  Ron Paul

  Government, People, Suffering

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