Economic Quote by Walter E. Williams

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

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

Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

— Milton Friedman

Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

— Murray Rothbard

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase…

— Milton Friedman

Inflation could be a very - is a likely consequence out of what's going on now.

— Warren Buffett

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

— Milton Friedman

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

Inflation, especially a slow steady rise in prices, encourages producers, because it means that they can commit themselves to costs of production on one…

— Carroll Quigley

Inflation is not an abstract idea thrown around by finance gurus. Inflation is a very real threat to the pocketbooks of hardworking Americans throughout…

— Tommy Tuberville

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices…

— Peter Schiff