Posts Tagged ‘inflation’
Next Page »John Wayne: Indirect Inflation Tax
on Sunday, December 11, 2022Meaning of John Wayne Money Quote: saying Government doesn’t have inherited money, it must collect that cash from the citizenry, either by taxes or inflation. John Wayne said:
“Government has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you — either by direct taxes, or by the cruelly indirect tax of inflation” — John Wayne
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Ronald Reagan: Inflation Frightening
on Friday, December 2, 2022Meaning of Ronald Reagan Money Quote: saying Inflation is as scary as financial criminals that take money from you. Ronald Reagan said:
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man” — Ronald Reagan
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Mitt Romney: Wage Inflation
on Thursday, December 1, 2022Meaning of Mitt Romney Money Quote: saying the minimum wage should see cost of living increases that match rates of inflation. Mitt Romney said:
“I think the minimum wage ought to keep pace with inflation” — Mitt Romney
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Charlie Munger: Inflation Silly Needs
on Wednesday, November 30, 2022Meaning of Charlie Munger Money Quote: saying a defense against inflation is not needing material silly stuff in your life. Charlie Munger said:
“One of the great defenses if you’re worried about inflation is not to have a lot of silly needs in your life – you don’t need a lot of material goods” — Charlie Munger
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Henry Hazlitt: Must Pay Inflation Tax
on Tuesday, November 29, 2022Meaning of Henry Hazlitt Money Quote: saying inflation is a kind of tax that must be payed by all. Henry Hazlitt said:
“Inflation is a form of tax, a tax that we all collectively must pay” — Henry Hazlitt
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Ronald Reagan: Higher Inflation Bill
on Monday, November 28, 2022Meaning of Ronald Reagan Money Quote: saying when any person or business spends more than they earn, it means bankruptcy. However, government does it and collects taxes to cover it. Inflation results.. Ronald Reagan said:
“When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident” — Ronald Reagan
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Alan Greenspan: Savings Inflation
on Sunday, November 27, 2022Meaning of Alan Greenspan Money Quote: suggesting that the gold standard protects savings from inflation by a store of value. Alan Greenspan said:
“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” — Alan Greenspan
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W. Edwards Deming: That’s Inflation
on Friday, November 25, 2022Meaning of W. Edwards Deming Money Quote: saying worker productivity shouldn’t decline and prices must reflect sufficient profit in pricing to avoid inflation. W. Edwards Deming said:
“Declining productivity and quality means your unit production costs stay high but you don’t have as much to sell. Your workers don’t want to be paid less, so to maintain profits, you increase your prices. That’s inflation” — W. Edwards Deming
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