Posts Tagged ‘inflation’
Warren Buffett Money Quote saying simple math tells us that inflation is the most destructive tax – by making money disappear. Warren Buffett said:
Arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital
— Warren Buffett
H Jackson Brown Jr. Money Quote saying If we’re positive about monetary troubles, you see bright spots like dimes still making effective flathead screwdrivers. H Jackson Brown Jr. said:
Inflation hasn’t ruined everything. A dime can still be used as a screwdriver
— H Jackson Brown Jr.
Michael Connolly Money Quotation saying governments that are tempted to print money during financial crises are playing with Seigniorage fire. Michael Connolly said:
Seigniorage finance of fiscal deficits is often known as “the printing press.” In a sense, money is the root of all inflationary evil. It helps to understand why inflation bursts out here and there periodically
— Michael Connolly
Thomas Jefferson Money Quotation saying controlling the ebb and flow of cash in our society is a complex process of regulation, taxation and legislation that banks should have less control of. Thomas Jefferson said:
If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations 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
If inflation continues to soar, you’re going to have to work like a dog just to live like one
— George Gobel
John Maynard Keynes Money Quotation blames government for preventing the citizenry from becoming or remaining wealthy by encouraging inflationary measures.
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
— John Maynard Keynes