Finance Quotes on Inflation

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

- Alan Greenspan - Topics: Inflation, Gold, Fiat Currency.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

- Friedrich A. Hayek - Topics: Monetary Policy, Inflation, Government, Fiat Currency.

I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.

- Friedrich A. Hayek - Topics: Money, Inflation, Government, Fiat Currency, Cryptocurrency, Central Bank, Bitcoin, Banking System.

Under a gold standard, sound government has a much better chance; its leaders can say to the people and to the politicians, "We can't do it unless we increase taxes." The gold standard is a form of protection against spendthrift governments.

- Ludwig von Mises - Topics: Government, Gold, Inflation.

Inflation is caused by the Federal government spending more than it earns, because they just print more money to make up the difference. To solve inflation, reduce wasteful government spending. Your tax dollars should be spent well, not poorly.

- Elon Musk - Topics: Inflation, Government.

In the long run, inflation comes to an end with the breakdown of the currency.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Debt, Central Bank.

Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.

- Ludwig von Mises - Topics: Socialism, Liberalism, Inflation, Gold.

Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.

- David Ricardo - Topics: Inflation, Government, Fiat Currency, Cryptocurrency, Bitcoin.

If printing money would end poverty, printing diplomas would end stupidity.

- Javier Milei - Topics: Monetary Policy, Inflation.

Bad money drives out good.

- Thomas Gresham - Topics: Central Bank, Fiat Currency, Inflation, Monetary Policy, Money.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

- Thomas Jefferson - Topics: Fiat Currency, Banking System, Inflation.

They tell us that the government can spend and spend without taxing at all, that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves". Such pleasant dreams in the past have always been shattered by national insolvency or a runaway inflation. All government expenditures must eventually be paid out of the proceeds of taxation and inflation itself is merely a form, and a particularly vicious form, of taxation.

- Henry Hazlitt - Topics: Monetary Policy, Inflation, Government, Tax.

By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

- John Maynard Keynes - Topics: Tax, Inflation, Government, Fiat Currency.

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

- Friedrich A. Hayek - Topics: Inflation, Government, Fiat Currency, Bitcoin, Monetary Policy.

How long can a central bank continue an inflation? Probably as long as people are convinced that the government, sooner or later, but certainly not too late, will stop printing money and thereby stop decreasing the value of each unit of money. When people no longer believe this, when they realize that the government will go on and on without any intention of stopping, then they begin to understand that prices tomorrow will be higher than they are today. Then they begin buying at any price, causing prices to go up to such heights that the monetary system breaks down.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Fiat Currency, Central Bank.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

- Marc Faber - Topics: Money, Monetary Policy, Inflation, Central Bank.

Contrary to most experts, including Bernanke, the more aggressive the Fed's policies are, the worse the economy is going to be. If all that is required to revive the economy is pushing more money, then all third-world economies would be very wealthy by now.

- Frank Shostak - Topics: Monetary Policy, Inflation, Economist, Central Bank.

Paper money eventually returns to its intrinsic value: zero.

- Voltaire - Topics: Fiat Currency, Cryptocurrency, Inflation.

There is no such thing as an unbalanced federal budget. You are paying for it. If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or in the form of borrowing.

- Milton Friedman - Topics: Inflation, Government, Debt, Tax.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

- John Maynard Keynes - Topics: Government, Inflation.

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