Nelson Bunker Hunt Quotes

A penny will not buy a penny postcard or a penny whistle or a single piece of penny candy. It will not even, if you're managing the U.S. Mint, buy a penny.

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

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

Inflation is everywhere and anywhere a monetary phenomenon.

But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities.

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.

Inflation is the crabgrass in your savings.

No nation has ever devalued itself into prosperity.

A cent is the representative of a certain quantity of corn or other commodity. Its value is in the necessities of the animal man. It is so much warmth, so much bread, so much water, so much land.

A great deal of small change is useful in a state, and tends to reduce the price of small articles.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.

In the United States, after World War II, it took about two decades for the message to slowly seep in that inflation was going to be a permanent fact of the American way of life.

Americans have seen the value of the dollar slowly decline due to the steady erosion of inflation.

It's very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar.

Can you imagine what five or 10 dollars was like in 1925? In those days, you could get room and board for $1.50 a week. Room and board!

Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster.

Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.

....remember, a billion dollars isn't worth what it used to be.

I got quarters in my loafers trying to fight inflation when it only used to take a cent.

With the increasing relative scarcity of gold as compared with money requirements, the general tendency will also be toward a smaller gold basis or "cover" for currency, even among those nations which are "on a gold basis.

In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to anyone.

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.

Common man is always benefited by a rate cut.