Posts Tagged ‘inflationary’
Michael Connolly: Printing Inflationary Evil
on Tuesday, January 26, 2016Michael 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
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Will Durant on Prioritized Hoarding
on Monday, March 17, 2014Will Durant Money Quote saying finance folks know that time brings inflation and wisdom dictates that money stay in circulation. Will Durant said:
“Bankers know that history is inflationary and that money is the last thing a wise man will hoard” — Will Durant
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