William Lyon Mackenzie King Quotes

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

Inflation is everywhere and anywhere a monetary phenomenon.

Under the guise of fighting inflation, COLA actually creates it.

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.

When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms.

The best measure of inflation is what is happening with commodity prices.

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

The lesson is clear. Inflation devalues us all.

I just get the same stuff as I did before, but the price tag is much higher.

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

During the past two decades, inflation has fallen to a low level in major industrial countries.

Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.

In general, the PC's always had a fairly decent tie to GDP.

When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.

The value of a dollar is social, as it is created by society.

The cost of living has gone up another dollar a quart.

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.

The greatly increased consumption of alcoholic beverages is very largely a direct result of the increased purchasing power created by wartime expenditures.

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

It's sort of like a teeter-totter; when interest rates go down, prices go up.

One man's wage increase is another man's price increase.

The inevitable consequence of a depreciated currency must be a rise of prices, usually greater than the actual percentage of depreciation. To meet this situation there came a device possible in no other commercial country. The Government fixed prices at which goods could be sold. This mediaeval device could be enforced only in a land where such State interference had been habitual, and, of course, could give to the notes the fictitious purchasing power only inside the country. After the Christian Science fashion, one had only to believe the notes were of value to make them so; but in the cold world outside German jurisdiction their value would be gauged by the chances of getting gold for them.

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

Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.