#inflation

...Inflation had risen to the unimaginable figure of just over 100,000 percent by the end of 1947--and it was to go to 2,870,000 percent by the end of 1948... ↗

— Jung Chang

#change

I want to price my next book and adjust it for the coming hyperinflation. So instead of the normal one dollar price, I’ll charge $1,000,000.00. If I sell one copy now I’ll be a happy man, and if I sell a million copies after hyperinflation hits in a few years then I’ll be equally as happy.
 ↗

— Jarod Kintz

#hyperinflation #inflation #price #equality

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

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

#absence #confiscation #gold #gold standard #inflation

With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we're probably observing, then I hope that people will also get less worried about the future of inflation. ↗

— Marek Belka

#also #expect #future #get #higher

It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels. ↗

— Jon Corzine

#been #congress #current #failure #hour

There are two main drivers of asset class returns - inflation and growth. ↗

— Ray Dalio

#class #drivers #growth #inflation #main

Inflation is taxation without legislation. ↗

— Milton Friedman

#inflation #legislation #taxation #without

We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is. ↗

— Shimon Peres

#costs #freeze #give #imagine #industrialists