By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

John Maynard Keynes

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

Milton Friedman

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

Vladimir Lenin

Inflation is like sin; every government denounces it and every government practices it.

Frederick Leith-Ross

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

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

Friedrich August von Hayek

The total volume of indebtedness has grown faster or slower, depending on time, but it has never dissapeared… …it has never been contracted. Impossible. What happens is… …as time goes on, currencies go down. Now I´m not talking about the currency of one versus the other. I´m talking of the buying power.

Baron Rothchild

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

Ronald Reagan

Having a little inflation is like being a little pregnant–inflation feeds on itself and quickly passes the “little” mark.

Dian Cohen

The best way to destroy the capitalist system is to debauch the currency.

John Maynard Keynes

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

Sam Ewing

Inflation is taxation without legislation

Milton Friedman

Inflation: Everyone’s illusion of wealth.

John Maynard Keynes

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

Robert Orben

Some idea of inflation comes from seeing a youngster get his first job at a salary you dreamed of as the culmination of your career.

Bill Vaughn

Domestic inflation reflects domestic monetary policy.

Martin Feldstein

Double-digit inflation is a terrible thing – and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

Paul Volcker

When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis.

Nick Clooney

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 Buffet

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

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

William E Simon

I don’t mind going back to daylight saving time. With inflation, the hour will be the only thing I’ve saved all year.

Victor Borge

With the shrinking of the US economy, and it’s shrinking very rapidly, you not only have more money, but you also have fewer goods. That’s a classic double-whammy on inflation.

Arthur Laffer

Inflation is the crabgrass in your savings.

Robert Orben

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

Arthur Laffer

Inflation is the senility of democracies.

Sylvia Warner

Median wages of production workers, who comprise 80 percent of the workforce, haven’t risen in 30 years, adjusted for inflation.

Robert Reich

Law of inflation: whatever goes up will go up some more.


If inflation continues, the two-car garage will be replaced by the two-family garage.