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Quotes & Sayings About Deflation

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Top Deflation Quotes

Deflation Quotes By Michael Hudson

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend. — Michael Hudson

Deflation Quotes By Llewellyn Rockwell

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. — Llewellyn Rockwell

Deflation Quotes By Thomas Jefferson

The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. — Thomas Jefferson

Deflation Quotes By Ben Bernanke

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation. — Ben Bernanke

Deflation Quotes By Lawrence Summers

Deflation and secular stagnation are the risks of our time. — Lawrence Summers

Deflation Quotes By Michael Hudson

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. — Michael Hudson

Deflation Quotes By Jean Cocteau

See your disappointments as good fortune. One plan's deflation is another's inflation. — Jean Cocteau

Deflation Quotes By John L. Casti

The unfolding time for the end of globalization or a worldwide deflation is much longer, certainly measured in years, if not decades. — John L. Casti

Deflation Quotes By Christine Lagarde

If inflation is the genie, then deflation is the ogre that must be fought decisively, — Christine Lagarde

Deflation Quotes By Franklin D. Roosevelt

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

Deflation Quotes By Michael Hudson

More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services. — Michael Hudson

Deflation Quotes By Shinzo Abe

I have no idea who first coined the word 'Abenomics.' It was not my original term for the set of anti-deflation, growth-promotion policies I am now pursuing. — Shinzo Abe

Deflation Quotes By Michael Hudson

Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets. — Michael Hudson

Deflation Quotes By Toshihiko Fukui

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound. — Toshihiko Fukui

Deflation Quotes By Irving Fisher

The U. S. is headed toward a period of business depression ... beginning within the next two years, which may exceed that which preceded the War ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation. — Irving Fisher

Deflation Quotes By Ben Bernanke

Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans. — Ben Bernanke

Deflation Quotes By Milton Friedman

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money. — Milton Friedman

Deflation Quotes By Michael Hudson

When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners. — Michael Hudson

Deflation Quotes By Thomas Jefferson

If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered ... I believe that banking institutions are more dangerous to our liberties than standing armies ... The issuing power should be taken from the banks and restored to the people to whom it properly belongs. — Thomas Jefferson

Deflation Quotes By Anonymous

Mario Draghi became the first major central banker to cut a key interest rate below zero as he unveiled a series of radical measures to stave off a crippling bout of deflation, and signalled his willingness to take further action. — Anonymous

Deflation Quotes By Jim Butcher

A little humiliation and ego deflation, now and then, is good for apprentices. Mine sighed miserably. — Jim Butcher

Deflation Quotes By Anthony Robbins

Ray then revealed the most simple and important distinction of all. There are only four things that move the price of assets: 1. inflation, 2. deflation, 3. rising economic growth, and 4. declining economic growth. — Anthony Robbins

Deflation Quotes By Jack Kemp

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower. — Jack Kemp

Deflation Quotes By Carlos Ghosn

To face deflation, you have to have people accepting it and not reacting to it. — Carlos Ghosn

Deflation Quotes By Ani DiFranco

My distraction's my defense against this lack of inspiration Against this slow deflation Yeah the further the horizon The more it holds my gaze The foreground's out of focus but you know I kinda hope it's just a phase Just a phase. — Ani DiFranco

Deflation Quotes By Ben Bernanke

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. — Ben Bernanke

Deflation Quotes By William McChesney Martin

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing. — William McChesney Martin

Deflation Quotes By Michael Hudson

Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon. — Michael Hudson

Deflation Quotes By William Barrett

The deflation, or flattening out, of values in Modern art does not necessarily indicate an ethical nihilism. Quite the contrary; in opening our eyes to the rejected elements of existence, art may lead us to a more complete and less artificial celebration of the world. — William Barrett

Deflation Quotes By Jean Thompson

The evening is nearly over. Before long it will be last call and Good Night, Ladies. Only a few more minutes and exhilaration will start its inevitable leakage. Even the best, dizziest times have that moment of deflation when people realize that everything has already happened. But for now all possibilities are intact. — Jean Thompson

Deflation Quotes By Kevin Brady

And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have. — Kevin Brady

Deflation Quotes By Michael Hudson

Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink. — Michael Hudson

Deflation Quotes By Michael Hudson

When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income. — Michael Hudson

Deflation Quotes By Ben Bernanke

Deflation is defined as a general decline in prices, with emphasis on the word 'general.' — Ben Bernanke

Deflation Quotes By Milton Friedman

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

Deflation Quotes By Evan Davis

For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures. — Evan Davis

Deflation Quotes By Robert Kiyosaki

In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation. — Robert Kiyosaki

Deflation Quotes By Gavyn Davies

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear. — Gavyn Davies

Deflation Quotes By Catherine Austin Fitts

With QE3, we are essentially being bought out with our own money ... and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation. — Catherine Austin Fitts

Deflation Quotes By Niall Ferguson

Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s). — Niall Ferguson

Deflation Quotes By Robert Kiyosaki

Deflation isn't good, and inflation is easier to cure than deflation. — Robert Kiyosaki

Deflation Quotes By Greg Mankiw

You can't rule out deflation just because you've never seen it in your lifetime. — Greg Mankiw

Deflation Quotes By Anna Godbersen

Her heart the damned thing had begun to race and she only hoped that the rapid inflation and deflation of her chest wasn't visible beneath her fitted bodice. — Anna Godbersen

Deflation Quotes By Ben Bernanke

The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place. — Ben Bernanke

Deflation Quotes By John Mellencamp

Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth. — John Mellencamp