#inflation

Production is the only answer to inflation. ↗

— Chester Bowles

#inflation #only #production

It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels. ↗

— Jon Corzine

#been #congress #current #failure #hour

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

#dear #deflation #held #indeed #inflation

We don't have a major problem right now in our country, and life is normal. Things like unemployment, which the youth are suffering from, and the rate of inflation - these are chronic conditions and we have to solve them. ↗

— Akbar Hashemi Rafsanjani

#conditions #country #inflation #life #like

Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get. ↗

— Franklin Raines

#concerned #get #individuals #inflation #into

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

#asset #bubble #building #buy #cash

The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation. ↗

— Dixie Lee Ray

#economic #economic growth #equivalent #government #growth

Inflation is the one form of taxation that can be imposed without legislation. ↗

— Milton Friedman

#imposed #inflation #legislation #taxation #without

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. ↗

— Ernest Hemingway

#bring #currency #economic #first #inflation

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

— Robert Orben

#democracy #first #first time #history #inflation