By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
Inflation is the one form of taxation that can be imposed without legislation.
Inflation is taxation without legislation.
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
The best way to destroy the capitalist system is to debauch the currency.
Inflation is always and everywhere a monetary phenomenon.
Inflation is the senility of democracies.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
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.
Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.
I believe that banking institutions are more dangerous to our liberties than standing armies.
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.
Whoever controls the volume of money in any country is absolute master of all industry and commerce.
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.
Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.
The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.
or simply: