Inflation Quotes - Page 7

• With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we're probably observing, then I hope that people will also get less worried about the future of inflation.

  Marek Belka

  Hysteria, People, Sugar

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• Low inflation and government prudence may be harmful for economic development.

  Ha-Joon Chang

  Government, Development, May

  Ha-Joon Chang (2007). “Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism”, Bloomsbury Press

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• The music scene in the '70s was like the United Kingdom in the '70s - we had a lot of unemployment, we had inflation, we had a lot of strikes going on, on a national scale, and a lot of discontent. That was reflected in the music.

  Annie Lennox

  Unemployment, Kingdoms, Scene

  "The Look: Annie Lennox". Interview with Harry Brant, www.interviewmagazine.com. September 23, 2014.

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• Only government can cause inflation, preserve monopoly, and punish enterprise.

  William F. Buckley, Jr.

  Government, Causes, Monopoly

  William F. Buckley, Jr. (2009). “The Reagan I Knew”, p.241, Basic Books

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• In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.

  Paul Ormerod

  Unemployment, Levels, Facts

  "The Death of Economics". Book by Paul Ormerod, 1994.

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• The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.

  William J. Clinton

  Risk, Debt, Finance

  Source: www.foxnews.com

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• (Insanity) is not hubris, not pride; it is inflation of the ego to its ultimate - confusion between him who worships and that which is worshipped. Man has not eaten God; God has eaten man.

  Philip K. Dick

  Pride, Men, Confusion

  "The Man in the High Castle". Book by Philip K. Dick, 1962.

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• Anger is the common refuge of insignificance. People who feel their character to be slight, hope to give it weight by inflation: but the blown bladder at its fullest distention is still empty.

  Hannah More

  Anger, Character, People

  Hannah More (1835). “The works of Hannah More”, p.106

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• There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

  Ha-Joon Chang

  Arguing, Logical, Hyperinflation

  Ha-Joon Chang (2007). “Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism”, Bloomsbury Press

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• I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.

  John F. Kerry

  Jobs, Real, Struggle

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• Always inflation comes gradually; is recognized too late; and can be cured only by ruthless political surgery, which, if delayed too long, proves futile.

  Theodore White

  Long, Political, Too Late

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• Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

  John Kenneth Galbraith

  Errors, Optimism, Stupidity

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.15, Princeton University Press

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• Militarism is the most energy-intensive, entropic activity of humans, since it converts stored energy and materials directly into waste and destruction without any useful intervening fulfillment of basic human needs. Ironically, the net effect of military, as opposed to civilian, expenditures is to increase unemployment and inflation.

  Hazel Henderson

  Military, Energy, Needs

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• Every Congressman, every Senator knows precisely what causes inflation... but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job.

  Robert A. Heinlein

  Jobs, Support, Causes

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• There may be few instances in which the superstition that only measurable magnitudes can be important has done positive harm in the economic field: but the present inflation and employment problems are a very serious one.

  Friedrich August von Hayek

  Important, May, Superstitions

  Friedrich August von Hayek's Prize Lecture, www.nobelprize.org. December 11, 1974.

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• The liberation of women from exclusive domesticity did not originate in feminist books, or a war, or a big inflation, although they contributed to its progress. The rising enrollment of women in the paid labor force is a straightforward consequence of the industrial revolution of two hundred years ago.

  Barbara Bergmann

  War, Book, Two

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• In the American political lexicon, 'change' always means more of the same: more government, more looting of Americans, more inflation, more police-state measures, more unnecessary war, and more centralization of power.

  Ron Paul

  War, Mean, Government

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• For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it.

  Barry Ritholtz

  Men, Broken, May

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• We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

  John W. Snow

  Eye, Checks, Stage

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• Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

  Alan Cranston

  Moving, Neighborhood, Expensive

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• If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

  Milton Friedman

  Would Be, Unemployment, Use

  Source: www.pbs.org

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• The intelligence community is so vast that more people have top secret clearance than live in Washington. The U.S. will spend more on the war in Afghanistan this year, adjusting for inflation, than we spent on the Revolutionary War, the War of 1812, the Mexican-American War, the Civil War and the Spanish-American War combined.

  Nicholas D. Kristof

  War, Years, People

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• The cable industry has risen to new heights in their apparent willingness and ability to gouge the American consumer. Cable rates [have] increased an unbelievable five-and-a-half times faster than inflation.

  John McCain

  Half Time, Height, Faster

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• Inflationary trends are under way. Wage increases, through strikes or threatened strikes, are rampant. Government expenditures are ballooning ominously. Hoarding has contributed unconscionably to price-boosting. The Government should institute measures calculated to arrest inflation. America's commitments are already so mountainous, international and domestic, that the pruning knife should be applied. You and I, all American taxpayers, don't possess limitless resources-our pockets are not bottomless. Curb inflation at every turn!

  B. C. Forbes

  Commitment, Government, Knives

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• Inflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.

  Robert Higgs

  Elements, Taxation, Economy

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