#inflation

Inflation is the one form of taxation that can be imposed without legislation. ↗

— Milton Friedman

#imposed #inflation #legislation #taxation #without

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

#bring #currency #economic #first #inflation

Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price. ↗

— Robert Orben

#democracy #first #first time #history #inflation

It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation. ↗

— Marek Belka

#course #direction #embedded #factors #function

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation. ↗

— James Buchan

#adjusted #age #average #barrel #century

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation. ↗

— Warren Buffett

#anyone #barrel #been #bring #certainly

During the past two decades, inflation has fallen to a low level in major industrial countries. ↗

— Toshihiko Fukui

#decades #during #fallen #industrial #inflation

When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up. ↗

— Ray Dalio

#down #go #growth #inflation #stocks

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure. ↗

— William Vickrey

#effect #enter #exert #high #inflationary

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come. ↗

— Mark Zandi

#come #counting #expect #generally #home