Robert Higgs Quotes

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation.

Inflation, being a fraudulent invasion of property, could not take place on the free market.

When you get inflation, you get massive distortions of the economy.

Having a little inflation is like being a little bit pregnant.

In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.

The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .

Inflation is repudiation.

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

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

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

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

The higher interest and higher inflation is a vicious cycle.

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

In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.

Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

Always inflation comes gradually; is recognized too late; and can be cured only by ruthless political surgery, which, if delayed too long, proves futile.

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

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

You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.

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

Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.