Customer Quote by Richard Nixon

“Inflation creates bubble and burst. That develops world economy, and will destroy it too.”

— Toba Beta

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form…

— Walter Wriston

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 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 destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

— Kevin Brady

The higher interest and higher inflation is a vicious cycle.

— Arundhati Bhattacharya

Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

— Milton Friedman

Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.

— Walter E. Williams

The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment,…

— Henry Hazlitt

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

— Ha-Joon Chang

Inflation makes the wealthiest people richer and the masses poorer.

— James Cook

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

— Paul Krugman