Inflation is the one form of taxation that can be imposed without legislation.
With the over-population and inflation and starvation and the crazy politicians, I don't feel safe in this world no more.
I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
Imagine believing in the control of inflation by curbing the money supply! That is like deciding to stop your dog fouling the sidewalk by plugging up its rear end. It is highly unlikely to succeed, but if it does it kills the hound.
Someone said that inflation is like jumping off the top of the Empire State Building. The sensation is great as long as you keep on going.
One good thing can be said for inflation: without it there would be no football.
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.
Domestic inflation reflects domestic monetary policy.
Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.
Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.
By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.
Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
Inflation is determined by money supply growth.
Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighbourhood without moving.
Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
Production is the only answer to inflation.
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless.
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Inflation is like sin; every government denounces it and every government practices it.
Inflation is taxation without legislation.
The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.
Having a little inflation is like being a little pregnant.