Inflation Quotes - Page 15

• From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any investment or speculation.

  Henry Hazlitt

  Loss, Views, Risk

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• We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.

  James Callaghan

  War, Cutting, Thinking

  Labour Party Annual Conference Report, (p. 188), 1976.

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• Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

  Alan Greenspan

  Past, Japan, Risk

  Alan Greenspan's speech at the Annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research in Washington, D.C., www.federalreserve.gov. December 5, 1996.

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• The new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created.

  Charles Lindbergh

  Law, Want

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• With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

  Arthur Laffer

  Shrinking, Classic, Economy

  "Economic Debate: Laffer vs. Liesman". "The Kudlow Report" with Larry Kudlow, www.cnbc.com. February 26, 2009.

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• I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

  Arthur Laffer

  Fall, Thinking, Years

  "Journal Editorial Report" with Paul Gigot, www.foxnews.com. June 12, 2010.

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• Inflation is lower and more stable and the real business cycle fluctuations are more modest.

  Martin Feldstein

  Real, Modesty, Fluctuation

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• In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

  Martin Feldstein

  Growth, Dollars, Economic

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• We are a people trying not only to solve the problems of the present: unemployment, inflation... but we are attempting on a larger scale to fulfill the promise of America.

  Barbara Jordan

  America, People, Promise

  1976 Democratic National Convention Keynote Address, delivered 12 July 1976, New York, NY

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• 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.

  Jeane Kirkpatrick

  Political, President, Unemployment

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• Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won't grow any faster than the rate of inflation.

  Suze Orman

  Mean, Rough Patches, Benefits

  "Suze Orman: Are you making these financial mistakes". Article by Suze Orman, www.cnn.com. May 27, 2010.

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• Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.

  Robert Reich

  Years, Wages, Workers

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• The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.

  Karl Rove

  Recovery, Usa, Decision

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• The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.

  Mark Skousen

  Reality, Want, Gains

  The Freeman: Ideas on Liberty, Vol. 60, Nr. 3-10, (p. 7), 2010.

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• I expect to see trade wars, foreign policy disasters, a few race riots, a decrease in personal liberty, higher taxes, higher inflation and probably, economic collapse. The silver lining is, secession will probably become more feasible.

  Charley Reese

  War, Race, Liberty

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• What we call "willing" is often but an inflation of ourselves, attended by a hardening.

  Nilakanta Sri Ram

  Spiritual, Willing

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• What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.

  Barack Obama

  Country, Money, Years

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• This law represents a cornerstone in a structure which is being built but is by no means completed--a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy--a law to flatten out the peaks and valleys of deflation and of inflation--in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness.

  Franklin D. Roosevelt

  Mean, Government, Law

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• I think the country could be spared a lot of agony and the government could worry about inflation and a lot of other problems if [Nixon would] go on and resign. [There is] no question that an admission of making false statements to government officials and interfering with the FBI and the CIA is an impeachable offense.

  William J. Clinton

  Country, Thinking, Government

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• Between 1965 (the beginning of LBJ's "Great Society") and 1994, welfare spending has cost the taxpayers $5.4 trillion in constant 1993 dollars. The War on Poverty has cost us 70 % more than the total price tag for defeating both Germany and Japan in World War II, after adjusting for inflation. Many believe that Welfare has destroyed millions of families and cost a huge portion of our national wealth in the process.

  Rush Limbaugh

  War, Believe, Japan

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• Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.

  Friedrich August von Hayek

  Government, Circles, Effort

  "The Constitution of Liberty". Book by Friedrich Hayek, Chap. 21 : The Monetary Framework, 1960.

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• That our popular art forms have become so obsessed with sex has turned the U.S.A into a nation of hobbledehoys; as if grown people don't have more vital concerns, such as taxes, inflation, dirty politics, earning a living, getting an education, or keeping out of jail.

  Anita Loos

  Art, Sex, Dirty

  Anita Loos, Ray Pierre Corsini (1985). “Fate keeps on happening: adventures of Lorelei Lee and other writings”

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• There is an island fantasy A "Someday I'll," we'll never see When recession stops, inflation ceases Our mortgage is paid, our pay increases That Someday I'll where problems end Where every piece of mail is from a friend Where the children are sweet and already grown . . . . Most unhappy people . . . put happiness on "law away" And struggle through a blue today . . . . Life's most important revelation Is that the journey means more than the destination . . .

  Denis Waitley

  Sweet, Children, Struggle

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• 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.

  Dixie Lee Ray

  Jobs, Zero, Reality

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• Ending inflation means freeing all Americans from the terror of runaway living costs. ... We have every right to dream heroic dreams. Those who say that we are in a time when there are no heroes just don't know where to look. ... Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women.

  Ronald Reagan

  Dream, Hero, Mean

  First Inaugural Address, delivered 20 January 1981

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