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Inflation outstripped real wages for people who work for pay from others.
Tim Bishop
2 Likes
Inflation quotes
2 Comments
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Foreign trade clearly has been a reason why inflation has been low.
Tim Bishop
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A man explained inflation to his wife thus: 'When we married, you measured 36-24-36. Now you're 42-42-42. There's more of you, but you are not worth as much.'
Lord Barnett
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
John Kenneth Galbraith
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity
John Kenneth Galbraith
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By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes
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Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Sam Ewing
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Inflation is like sin; every government denounces it and every government practices it.
Frederick Leith-Ross
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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.
Friedrich August Von Hayek
18 Likes
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We will never try to develop a strategy that wins on price. There is nothing unique about pricing.
Josh S Weston
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Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
Will Durant
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The doves in this country and some of the media are the cause of fifty-some-odd-thousand Americans being killed and all that money being spent, and all that inflation.
George Wallace
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The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.
Ron Chernow
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