Catastrophe Quote by Ludwig von Mises

The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly…

— Ludwig von Mises

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

— Ludwig von Mises

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

— Ludwig von Mises

The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary…

— Ludwig von Mises

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis…

— Ludwig von Mises

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in…

— Ludwig von Mises

Inflation is essentially antidemocratic.

— Ludwig von Mises

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

— Paul Krugman

Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too…

— Gary Shilling

Inflation is like toothpaste. Once it's out, you can hardly get it back in again.

— Karl Otto Pohl

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to…

— Ayn Rand

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation…

— Martin Feldstein