Monetary Inflation Quotes

Starting in the wake of the 2008 GFC (Global Financial Crisis), market observers have warned of a crash in the bond market. Initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore, a flight from bonds.

We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.

We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah.

China, Japan, and Asia in general have been happy to hold U.S. debt instruments in recent decades, but they will not prop up our spending habits forever…. The greatest threat facing America today is not terrorism, or foreign economic competition, or illegal immigration. The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation.

This circulating medium has a natural tendency to lessen by degrees the value and the use of money, and finally to render it powerless; and consequently to sweep away all the crushing masses of fraud, iniquity, cruelty, corruption and imposition that are built upon it.

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.

We are becoming so accustomed to millions and billions of dollars that 'thousands' has almost passed out of the dictionary.

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

Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destroy the value of the assets of national institutions such as banks, savings banks, insurance companies, and others. These institutions, because of their great needs, were foreclosing mortgages, calling loans, refusing credit. Thus there was actually in process of destruction the property of millions of people.

The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.

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

[Federal deficits] are like an athlete taking steroids. You get a short term boost and long term damage.

The common People have been pleased with large Emissions of Bills [printing of money]: And as for a Plenty of this Paper Currency, they loved to have it so, not considering what they should do in the End thereof. The People have chosen rather to lay up Debts for their Children in these promissory Bills, than to pay their Debts themselves. Nay, Is it not to be feared that many have been wishing for Plenty of these Bills with this View, that they might depreciate, that so they might the more easily pay their Debts.

Now comes Roosevelt who seeks to render the money of the United States worthless by unlawfully declaring that it may no longer be converted into gold at the will of the holder.

We all understand that the debasement of a nation's coinage is very pernicious and must prove disastrous to its commerce. How much more dangerous is the debasement of the spiritual coinage!

We could, of course, always make the payments, simply by printing more money - we simply promise to pay people by giving them dollar bills - but that could set off inflation.

Can there be a more lamentable picture than that of a Chancellor of the Exchequer seated on an empty chest by a pool of bottomless deficiency fishing for a budget?

Chidamabaram has ruined the economy. He has turned out to be a third-rate failure as finance minister.

If President Obama is re-elected, he will continue to spend more money than we take in and to expand a debt that's already on the verge of being unsalvageable. That's a future that should frighten every American, no matter what their generation.

The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the remedy. On the other hand, the remedy proposed for the shortage of money capital was monetary inflation in 1819, encouragement of savings and thrift in the 1930s.

If, when Money is rais'd [inflation or devaluation], Goods keep the Prices they had before. Then all Goods exported are sold for a lesser Value abroad, and all Goods imported are sold dearer.

Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.

What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.

This accumulated debt at all levels of our society poses an immediate existential threat to America. Now unlike the manufactured crises of global warming and healthcare, this is a true crisis. This crisis threatens the very sovereignty of our country.