Inflation Quotes by Top Minds.

“Inflation swindles the bond investor… it swindles the person who keeps their cash under their mattress, it swindles almost everybody.” ~Warren Buffett
“We believe that our truly urgent need is to make our nation secure, our economy strong and our dollar sound. For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies.” ~Dwight D. Eisenhower
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” ~Ronald Reagan
“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
“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.” ~Ernest Hemingway
“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
“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is ‘taxed’ in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn’t seem to notice that 5 percent inflation is the economic equivalent.” ~Warren Buffett
“People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.” ~Ronald Reagan
“Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.” ~Bill Gross
“Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all – to different degrees – unnecessary slices of the wedge that stand between an individual’s effort and reward for that effort.” ~Jack Kemp
“With inflation rising supply chain is more important than ever.” ~Dave Waters
“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
“What we also have to recognize is that the deficit levels that I’m inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we’d end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.” ~Barack Obama
“Inflation is a form of tax, a tax that we all collectively must pay.” ~Henry Hazlitt
“Most people will see declining returns [due to inflation]. 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
“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
“I think the minimum wage ought to keep pace with inflation.” ~Mitt Romney
“Inflation is the parent of unemployment and the unseen robber of those who have saved.” ~Margaret Thatcher
“This law represents a cornerstone in a structure which is being built but is by no means completed–a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy–a law to flatten out the peaks and valleys of deflation and of inflation–in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness.” ~Franklin D. Roosevelt
“I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I’ve seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.” ~Charlie Munger
“We are in effect making a – to some extent, making a choice between future inflation and getting our – getting off the floor. And we’re likely – we’re likely to have more inflation in the future as a consequence of the things we do to fight the present situation.” ~Warren Buffett
“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.” ~Suze Orman
“There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.” ~Herbert Hoover

Ways to Control Inflation

Monetary policy: Central banks can use monetary policy tools, such as adjusting interest rates or the money supply, to try to control inflation. For example, raising interest rates can make borrowing more expensive and reduce the amount of money in circulation, which can help to reduce inflation.
Fiscal policy: Governments can use fiscal policy tools, such as increasing taxes or decreasing government spending, to try to control inflation. For example, increasing taxes can reduce the amount of money in circulation and decrease demand for goods and services, which can help to reduce inflation.
Price controls: Governments can also use price controls, such as setting maximum or minimum prices for certain goods and services, to try to control inflation. However, price controls can have unintended consequences, such as reducing the supply of goods and services or leading to black markets.
Exchange rate management: In some cases, central banks can use exchange rate management techniques, such as adjusting the value of their currency relative to other currencies, to try to control inflation.

Overall, controlling inflation can be a complex and challenging task, and the most effective approach will depend on the specific circumstances of the economy.

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