15 quotes
It is a way to take people’s wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
Thomas SowellI know the Federal Reserve Bank can continue to print more and more money… but city and state governments cannot.
Robert KiyosakiAnd 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 ObamaThe dollar has lost over 90 percent of its value since the Fed was created.
Robert KiyosakiPeople concerned about inflation today tend to buy big houses and nice cars.
Robert KiyosakiI have spoken about inflation, unemployment, farmers‘ problems, security, etc. I keep talking about these issues. I seek answers from the Indian government.
Narendra ModiIn the simplest terms, inflation occurs when there’s too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.
Robert KiyosakiInflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald ReaganDeflation isn’t good, and inflation is easier to cure than deflation.
Robert KiyosakiThe Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment… the European Central Bank has only the first. It has no commitment to keep employment up.
Noam ChomskyThe Planck satellite may detect the imprint of the gravitational waves predicted by inflation. This would be quantum gravity written across the sky.
Stephen HawkingThe 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 HemingwayThere are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.
Herbert HooverEvery time the Fed implements ‚quantitative easing,‘ a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.
Robert KiyosakiEconomic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.
Warren Buffett