quotes tagged with 'inflation'

It is, parenthetically, a hallmark of free nations that their citizens can discipline themselves today for a better tomorrow. Yet America is in trouble (as are other nations) precisely because a patient persistence in a wise course of public policy is so difficult to attain. Too many impatient politicians buy today's votes with tomorrow's inflation.

Author: Neal A. Maxwell, Source: http://speeches.byu.edu/reader/reader.php?id=6735Saved by cboyack in government nation economy patience patience politician inflation statesman 11 years ago[save this] [permalink]
Monetary chaos was followed in Germany by a Hitler; in Russia by all-out Bolshevism; and in other nations by more or less tyranny. It can take a nation to communism without external influences. Suppose the frugal savings of the humble people of America continue to deteriorate in the next 10 years as they have in the past 10 years? Some day the people will almost certainly flock to "a man on horseback" who says he will stop inflation by price-fixing, wage-fixing, and rationing. When currency loses its exchange value the processes of production and distribution are demoralized.
Author: Howard Buffett, Source: http://www.fame.org/PDF/buffet3.pdfSaved by cboyack in communism money economy inflation dollar 12 years ago[save this] [permalink]
Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
Author: John Maynard Keynes, Source: Economic Consequences of the Peace, pp. 235, 236, [1920]Saved by cboyack in capitalism economy currency inflation 13 years ago[save this] [permalink]
The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
Author: John Maynard Keynes, Source: Essays in Persuasion, ch. 2 (1931)Saved by cboyack in money wealth capitalism economy currency inflation 13 years ago[save this] [permalink]

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

Author: Thomas Jefferson, Source: letter to the Secretary of the Treasury Albert Gallatin, 1802Saved by cboyack in government money federalreserve centralbank bank currency poverty inflation 13 years ago[save this] [permalink]
The power people are now planning another war for you. They have made this depression last many more years than it would have ordinarily lasted. They got stock down to 14 cents on a dollar. They just bought up everything at 14 cents on a dollar, and they're now ready to make additional billions as they put you through another world war.

They're going to have you pay for it. You're going to be involved in it. You don't think you'll get involved, but they'll say that for the peace of the world, you must come in, and you'll feel so soft-hearted about it, you'll come in. It will be just as big a mistake as World War I.
Author: J. Reuben Clark, Jr., Source: The Life of J. Reuben Clark, Jr. September 1, 1992 Delivered at the Grantsville High School, Grantsville, Utah; The works of W. Cleon Skousen. (a Folio Infobase) published by Verity SoftwareSaved by cboyack in war depression debt worldwar inflation 13 years ago[save this] [permalink]

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