#inflation

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. ↗

— John Maynard Keynes

#continuing #government #important #inflation #part

By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation. ↗

— Paul A. Volcker

#became #by the time #chairman #deal #feeling

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

#apples #base #bumper #cannot #colonial

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation. ↗

— Arthur Laffer

#classic #economy #fewer #goods #inflation

And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it. ↗

— Barack Obama

#care #care costs #costs #could #deficit

I would say to my colleague that the misery index, inflation and unemployment, when added together is the lowest it has been in the last series of Presidents, even going back to Jimmy Carter. So I think the Bush administration is doing a good job. ↗

— Cliff Stearns

#administration #back #been #bush #bush administration

...Inflation had risen to the unimaginable figure of just over 100,000 percent by the end of 1947--and it was to go to 2,870,000 percent by the end of 1948... ↗

— Jung Chang

#change

I want to price my next book and adjust it for the coming hyperinflation. So instead of the normal one dollar price, I’ll charge $1,000,000.00. If I sell one copy now I’ll be a happy man, and if I sell a million copies after hyperinflation hits in a few years then I’ll be equally as happy.
 ↗

— Jarod Kintz

#hyperinflation #inflation #price #equality

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. ↗

— Alan Greenspan

#absence #confiscation #gold #gold standard #inflation

With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we're probably observing, then I hope that people will also get less worried about the future of inflation. ↗

— Marek Belka

#also #expect #future #get #higher