Posts Tagged ‘inflationary’

Michael Connolly: Printing Inflationary Evil

Posted by admin on Tuesday, January 26, 2016

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 Quote
 

“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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Michael Connolly is explaining how governments can fuel inflation through deficit spending and money creation. The quote suggests that when governments fund budget shortfalls by essentially “printing” new money through seigniorage (profits from minting currency), this amounts to using the “printing press” to pay bills.

Connolly asserts that money itself is the underlying cause of inflation, as too much money in circulation relative to available goods will bid up prices. He’s saying periodic inflation outbreaks occur because governments will periodically resort to deficit monetization as a way to finance expenditures without raising taxes.

The overall interpretation is that Connolly views money creation as the root driver of inflation, and sees deficit spending paid for via seigniorage as a primary method by which inflation periodically emerges in various economies.

Will Durant on Prioritized Hoarding

Posted by admin on Monday, March 17, 2014

Will 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 Quote
 

Bankers know that history is inflationary and that money is the last thing a wise man will hoard” — Will Durant

 

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Will Durant is suggesting that bankers understand from studying history that currency tends to lose value over time due to inflation. He says that a wise person will not excessively accumulate money and hoard it, since its purchasing power is likely to diminish as inflation rises.

Durant seems to be advising against viewing money as the primary goal or measure of success, and instead focusing on more meaningful pursuits that create lasting value rather than temporary wealth that could be eroded by inflation.

His quote implies that history shows money is not a secure long-term store of value, so it’s not prudent to prioritize its accumulation above all else.

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