My father always told me that all businessmen were sons of bitches, but I never believed it till now. -- (Comment made 10 April 1962 in reaction to news that U.S. Steel was raising prices by $6 per ton, right after the unions negotiated a modest new contract under pressure from JFK to keep inflation down.)
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For all the gold and silver stolen and shipped to Spain did not make the Spanish people richer. It gave their kings an edge in the balance of power for a time, a chance to hire more mercenary soldiers for their wars. They ended up losing those wars anyway, and all that was left was a deadly inflation, a starving population, the rich richer, the poor poorer, and a ruined peasant class.
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And 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.
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The 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.
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The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.
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That our popular art forms have become so obsessed with sex has turned the U.S.A into a nation of hobbledehoys; as if grown people don't have more vital concerns, such as taxes, inflation, dirty politics, earning a living, getting an education, or keeping out of jail.
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I think what we had today was a disconnect between the stock market and the economy. The U.S. economy looks great...corporate profits [are] good...inflation and interest rates will be friendly for longer.
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The first panacea for a misguided 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.
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Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
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Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
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Inflation continues till common man is completely sucked out of money, then recession sets in and continues till he becomes suckable again.
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The Fed has and must have a commitment to price stability, ... The uncertainties on the upside (for inflation) have only gotten bigger since Katrina slammed into the Gulf Coast.
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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.
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Remember when $25, 000 was a success? Now it is a garbage collector.
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Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
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Barring a major economic dislocation, such as a big pickup in inflation, I think home builders can grow their earnings at a double digit basis for the next two to three years.
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There are plenty of good five cent cigars in the country. The trouble is they cost a quarter.
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They (IMF) will be very concerned with the upsurge of inflation. The other problem will be that the government still maintains 18 products under price controls.
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Inflation is the one form of taxation that can be imposed without legislation.
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What this country needs is a good five cent cigar.
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Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
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Arizona depends on (economic) growth of 8 to 10 percent a year. You can't do that if you have an inflation problem.
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Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Politics
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There's a firm belief in the financial markets that inflation is under control and is not likely to emerge as a problem.
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I wasn't affected by inflation, I had nothing to inflate.
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Nowadays, a penny saved is ridiculous!
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Inflation is determined by money supply growth.
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Having a little inflation is like being a little pregnant.
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