Price Inflation Quotes & Sayings

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

Inflation, especially a slow steady rise in prices, encourages producers, because it means that they can commit themselves to costs of production on one price level and then, later, offer the finished product for sale at a somewhat higher price level. This situation encourages production because it gives confidence of an almost certain profit margin. — Carroll Quigley

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

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? — Alan Greenspan

Getting back to inflation, it is important to note that the producer price Index does not reflect wage pressures - and that is where the inflation threat really lies. — Larry Wachtel

Much of American wealth is an illusion which is being secretly gnawed away and much of it will be completely wiped out in the near future ... So what is the rest of your future? A grisly list of unpleasant events
exploding inflation, price controls, erosion of your savings (eventually to nothing), a collapse of private as well as government pension programs, and eventually an international monetary holocaust which will sweep all paper currencies down the drain and turn the world upside down. — Howard Ruff

In the long run, the gold price has to go up in relation to paper money. There is no other way. To what price, that depends on the scale of the inflation - and we know that inflation will continue. — Nicholas Deak

If higher unemployment is the price we have to pay in order to bring inflation down, then it is a price worth paying. — Norman Lamont

The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains. — Mark Skousen

To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers. — Steven Rattner

I see almost no change in the price of the composite product that flows through Costco I don't feel sorry for the people who pay $27 million for an 8,000-square-foot condo in Manhattan. So inflation comes in places. — Charlie Munger

Between 1965 (the beginning of LBJ's "Great Society") and 1994, welfare spending has cost the taxpayers $5.4 trillion in constant 1993 dollars. The War on Poverty has cost us 70 % more than the total price tag for defeating both Germany and Japan in World War II, after adjusting for inflation. Many believe that Welfare has destroyed millions of families and cost a huge portion of our national wealth in the process. — Rush Limbaugh

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

The unique aspect of today's monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide. — Peter DeGraaf

The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation. — Paul Volcker

Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying. — Norman Lamont

Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price. — Robert Orben

What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price. — James Chanos

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today. — Martin Feldstein

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

In reality high profits tend much more to raise the price of (a piece of) work than high wages. (quoting Adam Smith - ch.
(III - From Corporatism to Democracy) — John Ralston Saul

Credit expansion results in the recurrence of economic crisis and periods of depression. Inflation makes the prices of all commodities and services soar. The attempts to enforce wage rates higher than those the unhampered market would have determined produce mass unemployment prolonged year after year. Price ceilings result in a drop in the supply of commodities affected. The economists have proved these theorems in an irrefutable way. No — Ludwig Von Mises

We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation. — Martin Feldstein

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy. — Paul Volcker

Money, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie. — L. Neil Smith

What's the current price for a thought in these days of inflation?" Alan donwered aloud as he paused in the doorway. She'd looked so beautiful, he reflected. So distant. Then she glanced up with a smile that enchanced the first and erased the second.
"That was quick," Shelby complimented him and avoided the question with equal ease. "I'm afraid I admired your tea set a bit too strongly and made your butler nervous.He might be wondering if I'll slip the saucer into my bag." Setting down the cup, she rose. "Are you ready to go be charming and distinguished? You look as though you would be."
Alan lifted a brow. "I have a feeling distinguished comes perilously close to sedate in your book."
"No,you're lots of room yet," she told him as she breezed into the hall. "I'll give you a jab if you start teetering toward sedate. — Nora Roberts

The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times. — Robert Mundell

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. — William Vickrey

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten. — Arthur Laffer