Robert Kiyosaki Quotes

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

We have to remember there is not a big printing press in Washington that continually prints money over and over.

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.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.

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

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

You have to change people’s minds to stop inflation.

There's no such thing as a painless cure for inflation.

The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

Let's turn inflation over to the post office. That'll slow it down.

The natural tendency of the state is inflation.

Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago.

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.

The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.

Inflation is taxation without legislation.

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

Prices are going up. Unemployment continues to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

People forget how difficult it is to stop inflation or get it under control… I worry about it all the time.