#inflation

...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

Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate. ↗

— James Garfield

#control #depression #economy #finances #government

When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up. ↗

— Ray Dalio

#down #go #growth #inflation #stocks

Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation. ↗

— William Vickrey

#inflation #keep #level #more #percent

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

— William Vickrey

#balanced #balanced budget #budget #deficits #does

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain. ↗

— William Vickrey

#bargain #brought #cost #could #down

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed. ↗

— Paul A. Volcker

#basis #became #chairman #double-digit #fed

It was the biggest inflation and the most sustained inflation that the United States had ever had. ↗

— Paul A. Volcker

#ever #had #inflation #most #states

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do. ↗

— Paul A. Volcker

#any #anymore #because #begin #benefit