Inflation Theory Quotes

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise.

I have a much easier time imagining how we would understand the big bang, even though we can't do it yet, than I can imagine understanding consciousness.

The main efforts of investigators have been in papering over contradictions in the big bang theory, to build up an idea which has become ever more complex and cumbersome.

How then did we come to the "standard model"? And how has it supplanted other theories, like the steady state model? It is a tribute to the essential objectivity of modern astrophysics that this consensus has been brought about, not by shifts in philosophical preference or by the influence of astrophysical mandarins, but by the pressure of empirical data.

I have little hesitation in saying that as a result a sickly pall now hangs over the big bang theory. As I have mentioned earlier, when a pattern of facts becomes set against a theory, experience shows that it rarely recovers.

The Planck satellite may detect the imprint of the gravitational waves predicted by inflation. This would be quantum gravity written across the sky.