Currency Devaluation Quotes & Sayings

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense. — Klaus Schwab

All the pale horses of the apocalypse have stormed through my life, revolution, starvation, devaluation of currency and terror, epidemics, emigration; I have seen the great ideologies of the masses grow and spread out before my eyes. Fascism in Italy, National Socialism in Germany, Bolshevism in Russia, and, above all, that archpestilence, nationalism, which poisoned our flourishing European culture. — Stefan Zweig

The greatest threat facing America today
is the disastrous fiscal policies of our own government,
marked by shameless deficit spending and
Federal Reserve currency devaluation.
It is this one-two punch -
Congress spending more than it can tax or borrow,
and the Fed printing money to make up the difference -
that threatens to impoverish us by further
destroying the value of our dollars. — Ron Paul

Austerity policy without currency devaluation can only hamper economic growth. — Lou Jiwei

One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services. — Charles Hugh Smith