Monetary Devaluation Quotes

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

I think money is due for some sort of collapse. People are going to realize that money has a half-life, like radioactive elements.

The dollar has lost over 90 percent of its value since the Fed was created.

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

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

Inflation hasn't ruined everything. A dime can still be used as a screwdriver.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

The middle years - the eighteen-seventies, 'eighties, 'nineties - were a time of moral bankruptcy when men stole millions by a stroke of the pen or by the simple expedient of printing tons of worthless paper.

What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.

The Pound is sinking, the Peso's failing, the Lira's reeling, and feeling quite appalling.

It was formerly a common expedient with kings and states to debase the coin, that they might the easier pay their debts in a depreciated currency;

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

It is a cruel thought, that, when we feel ourselves standing on the firmest ground in every respect, the cursed arts of our secret enemies, combining with other causes, should effect, by depreciating our money, what the open arms of a powerful enemy could not.

Money degrades all the gods of man and converts them into commodities.

When everything is worth money, then money is worth nothing.

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

We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.

The devaluation of words and promises regarding free enterprise is, in principle, worse than the devaluation of the rouble

Money isn't money anymore. Time doesn't feel like time anymore. Your sense of community, it's evaporated, too, or it's turned into something you visit at 2 A.M. on a website.

A frog would leap from a throne of gold into a puddle.