Inflationary Quotes & Sayings
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Top Inflationary Quotes

A recent Economist article on dialysis perfectly illustrates the inflationary impact of cost-plus pricing. Since U.S. clinics are paid on a cost-plus basis, they prefer to use expensive drugs rather than cheaper ones. In fact, many appear to order drugs in units that exceed what a standard dosage requires because they can charge the government for the wastage. Quoting a stock research firm, the article noted that many clinics preferred an injected drug with a price of $4,100 a year over the identical drug in oral form, priced at only $450 a year. Not surprisingly, the manufacturer of the oral drug responded by increasing its price above that of the injected version to make it more competitive! — David Goldhill

It has been proposed that monetary liabilities should be settled in terms of gold and not according to their nominal amount. If this proposal were adopted, for each mark that had been borrowed that sum would have to be repaid that could at the time of repayment buy the same weight of gold as one mark could at the time when the debt contract was entered into. The fact that such proposals are now put forward and meet with approval shows that etatism has already lost its hold on the monetary system and that inflationary policies are inevitably approaching their end. Even only a few years ago, such a proposal would either have been ridiculed or else branded as high treason. — Ludwig Von Mises

In the Inflationary Multiverse, our universe could well be an island oasis in a gigantic but largely inhospitable cosmic archipelago. — Brian Greene

Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions. — Peter D. Schiff

Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy. — Ludwig Von Mises

In the nineteenth century, which was a dark and inflationary age in typography, man compositors were encouraged to stuff extra space between sentences. Generations of twentieth-century typists were then taught to do the same, by hitting the spacebar twice after every period. Your typing as well as your typesetting will benefit from unlearning this quaint Victorian habit. — Robert Bringhurst

I think the concern over rising interest rates is ahead of itself because I think inflationary fears themselves might be premature, — Sung Won Sohn

It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale. — Jared Bernstein

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

But he also knew that there is an inflationary aspect to love, and that should his mother, or Rose, or any of those who loved him find out about each other, they would not be able to help but feel of lesser value. He knew that I love you also means, I love you more than anyone loves you, or has loved you, or will live you, and also, I love you in a way that no one loves you, or has loved you, or will love you,and also, I love you in a way that I love no one else, and never have loved anyone else, and never will love anyone else. He knew that it is, by love's definition, impossible to love two people. — Jonathan Safran Foer

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. — Harry Enfield

The social organs are constituted so as to enable them to develop harmoniously in the grand air of liberty. Away, then, with quacks and organizers! Away with their rings, and their chains, and their hooks, and their pincers! Away with their artificial methods! Away with their social laboratories, their governmental whims, their centralization, their tariffs, their universities, their State religions, their inflationary or monopolizing banks, their limitations, their restrictions, their moralizations, and their equalization by taxation! And now, after having vainly inflicted upon the social body so many systems, let them end where they ought to have begun - reject all systems, and try of liberty - liberty, which is an act of faith in God and in His work — Frederic Bastiat

At the end of World War II, we had wage and price controls. Under wartime inflationary conditions, many employers found it difficult to recruit employees. To get around the limitations of wage control, many began to offer health care as a fringe benefit to attract workers. As a new benefit, it took some years for the Internal Revenue Service to get around to requiring the cost of the medical care to be included in the reported taxable income of the employees. By the time it did, workers had come to regard nontaxable medical care provided by the employer as a right - or should I say entitlement? They raised such a big political fuss that Congress legislated nontaxable status for employer-provided medical care. — Milton Friedman

The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives. — Murray Rothbard

What is happening, I think, it's really bigger than psychedelics, it's bigger than human evolution. We are not making the waves in this ocean. We are corks, riding the waves of the ocean. But we are privileged, by perhaps chance alone, to occupy a unique moment in the history of the universe. A moment when the universe goes through some kind of self-transforming, evolutionary, inflationary expansion. That's what's happening. — Terence McKenna

Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money. — Joseph Salerno

During the twentieth century, however, the size, scope, and power of government exploded. Total government spending increased from 6.73 percent of GDP in 1906 to 37.79 percent of GDP in 2014.[2] The dollar has lost more than 95 percent of its value due to the inflationary policies of the Federal Reserve. Top marginal income tax rates have been as high as 94 percent. Entitlement programs now constitute more than 60 percent of the federal budget. And businesses are hog-tied by more than 175,000 pages of red tape in the Code of Federal Regulations. What — Michael Dahlen

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure. — William Vickrey

An alliance is like a chain. It is not made stronger by adding weak links to it. A great power like the United States gains no advantage and it loses prestige by offering, indeed peddling, its alliances to all and sundry. An alliance should be hard diplomatic currency, valuable and hard to get, and not inflationary paper from the mimeograph machine in the State Department. — Walter Lippmann

Bankers know that history is inflationary and that money is the last thing a wise man will hoard. — Will Durant

Reagonomics - a blend of monetarism and fiscal Keynesianism swathed in classical liberal and supply-side rhetoric - is in no way going to solve the problem of inflationary depression or of the business cycle. — Murray Rothbard

The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818. — Murray Rothbard

Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II ... wage rises could be financed out of inflationary price increases. — John Chamberlain

Non-inflationary economic growth - an increase in the production of goods and services - is structurally necessary for the current money system to exist. That is what drives the relentless conversion of life into money. — Charles Eisenstein

The electoral victories of Thatcher (1979) and Reagan (1980) are often viewed as a distinctive rupture in the politics of the postwar period. I understand them more as consolidations of what was already under way throughout much of the 1970s. The crisis of 1973-5 was in part born out of a confrontation with the accumulated rigidities of government policies and practices built up during the Fordist-Keynesian period. Keynesian policies had appeared inflationary as entitlements grew and fiscal capacities stagnated. Since it had always been part of the Fordist political consensus that redistributions should be funded out of growth, slackening growth inevitably meant trouble for the welfare state and the social wage. — David Harvey

In this language, we've found that the cosmic cheese acquires more and more holes because quantum processes knock the inflaton's value downward at a random assortment of locations. At the same time, the cheesy parts stretch ever larger because they're subject to inflationary expansion driven by the high inflaton field value they harbor. Taken together, the two processes yield an ever-expanding block of cosmic cheese riddled with an ever-growing number of holes. In the more standard language of cosmology, each hole is called a bubble universe (or a pocket universe). — Brian Greene

If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary. — John F. Kennedy

A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. Thus inflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, i.e. of anti-democratic, policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope of the consent of the people if the circumstances were clearly laid before them. That is the political function of inflation. It explains why inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism. — Ludwig Von Mises

One can always find inflationary models to explain whatever phenomenon is represented by the flavour of the month. — Joseph Silk

Perhaps it is one secret of their power that, having studied the fluctuations of prices, the [bankers] know that history is inflationary. — Will Durant

Inflation is continuous and eternal, with big bangs happening all the time, with universes sprouting from other universes. In this picture, universes can "bud" off into other universes, creating a "multiverse." In this theory, spontaneous breaking may occur anywhere within our universe, allowing an entire universe to bud off our universe. It also means that our own universe might have budded from a previous universe. In the chaotic inflationary model, the multiverse is eternal, even if individual universes are not. Some universes may have a very large Omega, in which case they immediately vanish into a big crunch after their big bang. Some universes only have a tiny Omega and expand forever. Eventually, the multiverse becomes dominated by those universes that inflate by a huge amount.
In retrospect, the idea of parallel universes is forced upon us. — Michio Kaku

Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account. — Ludwig Von Mises

The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages. — Naomi Klein

Society can take two roads - the road to genuine prosperity, or the road to artificial stimulus. The first results in a permanent higher standard of living for all; the latter creates an inflationary boom that cannot last. — Mark Skousen

I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country. — Leonard Woodcock

In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it. — Warren Buffett

I think it is inflationary. I think it actually is counterproductive in many ways. You end up costing jobs from people who are at the bottom rung of the economic ladder. — Paul Ryan

A good monetary policy follows inflationary expectations and not historical numbers. — Adi Godrej

Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation. Once again, prudence dictates a more gradual increase in the wage rate, so that the economy can more easily absorb the impact. — Richard M. Nixon

While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient. — Murray Rothbard

Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses — Warren Buffett

Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary. — James Dale Davidson

I can spare a dime, brother, but in these morally inflationary times, a dime goes a lot farther if it's demanding work rather than adding to the indignity of relief. — Phil Ochs