Since 2020, many of our lives have changed in various ways, some for good and some not so good. For example, we want to eat healthier, improve our home and yard section as we spent more time at home. Many of us started baking and cooking new things, watched many Netflix, Disney, amazon prime movies and people like me gain a bit of weight too.
Now in 2022, looks like I will be forced to lose weight with high prices of groceries, eating out even at fast food gas, electricity and everything one can name it. This is not the first time, inflation has happened in world, it has happened first time in my living life, so it is all new to me. I thought to share some inflation quotes from wise people, so we will feel, we are all in these journey together.
Check out some helpful books on Inflation and how to deal with it here
I wasn’t affected by inflation — I had nothing to inflate. (Gerald Barzan)
If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain. (William Vickrey)
Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy .( John Conyers)
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage. (John W. Snow)
Inflation: Everyone’s illusion of wealth. ( Anon)
Median wages of production workers, who comprise 80 percent of the workforce, haven’t risen in 30 years, adjusted for inflation.(Robert Reich)
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.(William E. Simon)
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.( Alan Greenspan)
How is the human race going to survive now that the cost of living has gone up two dollars a quart? ( W. C. Fields)
Inflation is taxation without legislation. – Milton Friedman
High rates of inflation create a tax on capital that makes much corporate investment unwise — at least if measured by the criterion of a positive real investment return to owners. This “hurdle rate” — the return on equity that must be achieved by a corporation in order to produce any real return for its individual owners — has increased dramatically in recent years. The average tax-paying investor is now running up a down escalator whose pace has accelerated to the point where his upward progress is nil. – Warren Buffet
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. – Ernest Hemingway
Economic growth doesn’t mean anything if it leaves people out. – Jack Kemp
Cash – in savings accounts, short-term CDs or money market deposits – is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money. – Suze Orman
My worst investment decision so far is to lend money to friends. So far, it has all come to zero – Marc Faber
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it. – William Simon
During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions – a development that made it more difficult to stabilize both inflation and employment. – Janet Yellen
Americans are also feeling the effects of soaring energy prices at the gas pump. The double burden of these added expenses will be far too much for many families. – Russ Carnham
If government will not instill discipline, markets will. The dollar will collapse into worthlessness. – Patrick Barron
When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up. – Ray Dalio
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower. – Jack Kemp
You can’t continue to have higher education tuition grow at a multiple of the rate of inflation. – Mit Romney
Food and energy account for a significant portion of household budgets, so the Federal Reserve’s inflation objective is defined in terms of the overall change in consumer prices. – Janet Yellen
Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed. – Marc Faber
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