Notables and Quotables

Inflation

“Lenin was certainly right: there is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”

- John Maynard Keyes, British Economist

“The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money.”

- Suze Orman, American Financier

“Mere inflation may look like the creation of more demand. But in terms of the actual production and exchange of real things, it is not.”

- Henry Hazlitt, American Journalist

“The inflation that comes inevitably with government pump-priming soon catches up with the laborer and wipes away any real increase in his wages… And so it is that the ‘long run’ is very soon a-coming.”

- William F. Buckley Jr, American Author

“I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve already done it. It’s called a nickel.”

- Jay Leno, American Comedian

“Inflation is taxation without legislation.”

- Milton Friedman, American Economist

“The millions one always wanted are suddenly there in one’s hand, but they are not millions in fact, but only in name.”

- Elias Canetti, German Author

“Inflation consists of subsidizing expenditures that give no returns with money that does not exist.”

- Jacques Rueff, French Economist

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”

- Sam Ewing, American Baseball Player

“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 Sowell, American Economist

“Inflation is the parent of unemployment and the unseen robber of those who have saved.”

- Margaret Thatcher, British Politician

Explore More Articles
Read as Flipbook Online

Share this Article

IN THIS ISSUE

Scroll to Top