Inflation Quotes
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The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
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Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.
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Inflation makes the wealthiest people richer and the masses poorer.
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As we look ahead, core inflation appears likely to remain in the zone of price stability during the remainder of 2004 and into 2005.
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No one's really worried about inflation right now.
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Gold above $600 is frightening. It appears that people expect inflation, and that people don't have trust in our currency.
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It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.
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Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.
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Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.
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The public has shown confidence that any increases in inflation will be temporary and that, in the long run, inflation will remain low.
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This summer's hurricanes served as a trigger point to start slightly slower economic growth. Higher home heating costs, rising inflation and rising interest rate levels will cause some construction slowdowns.
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It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
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The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.
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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.
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It is important to recognise near- and medium-term risks to the inflation outlook.
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After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction.
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I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.
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I believe that the Federal Reserve's success in reducing and stabilizing inflation and inflation expectations is a major reason for this improved economic performance.
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There's one thing that the Fed has been really good at cracking down on, and that's inflation.
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People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.
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I think the country could be spared a lot of agony and the government could worry about inflation and a lot of other problems if Nixon would go on and resign. There is no question that an admission of making false statements to government officials and interfering with the FBI and the CIA is an impeachable offense.
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Of course, the problems of external default, domestic default, and inflation are all integrally related. A government that chooses to default on its debts can hardly be relied on to preserve the value of its country’s currency.
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Some influential voices of the time argued that by accepting higher inflation, policy-makers could bring about a permanently lower rate of unemployment.
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Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.
