Quotes about Inflation

“Nowadays, a penny saved is ridiculous!”

“Inflation is the crabgrass in your savings.”

“Inflation is determined by money supply growth.”

“What this country needs is a good five cent cigar.”

“In spite of the cost of living, it's still popular.”

“I wasn't affected by inflation, I had nothing to inflate.”

“Having a little inflation is like being a little pregnant.”

“Remember when $25, 000 was a success? Now it is a garbage collector.”

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

“One good thing can be said for inflation: without it there would be no football.”

“There are plenty of good five cent cigars in the country. The trouble is they cost a quarter.”

“Bankers know that history is inflationary and that money is the last thing a wise man will hoard.”

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”

“Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.”

“Someone said that inflation is like jumping off the top of the Empire State Building. The sensation is great as long as you keep on going.”

“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

“Imagine believing in the control of inflation by curbing the money supply! That is like deciding to stop your dog fouling the sidewalk by plugging up its rear end. It is highly unlikely to succeed, but if it does it kills the hound.”

“Next to inflation, majority rule is the most ingenious scheme ever contrived by government. Most people have never dared to question the basic morality or logic in the assumption that the majority should have power over the minority. A majority of the people in the South once believed in black slavery. Did that make it moral? A lynch mob is majority rule stripped of its fancy trappings and its facade of respectability. In a community where homosexuals outnumber heterosexuals, should the majority have the right to outlaw sex between married partners of the opposite sex? In a community where atheists outnumber non- atheists, should the majority have the right to outlaw the practice of religion? ... a dictatorship allows only a small number of people to interfere with the rights of others, a democracy makes it possible for great numbers of people to impose their will on others -- through the force of government. Is an act of aggression more right if carried out by the majority than by a dictator? Since approximately half the eligible voters vote this means that approximately 75% of the people are ruled by 25% of the people.”