In this country we have insidious inflation so there is a transfer of wealth from the poor and the middle class to the wealthy. Ron Paul, US Senator
We further expand the supply of money, diluting the value of money, which is the inflation. The inflation isn’t rising prices; the inflation is the government’s program of increasing the supply of money, which devalues the currency and that causes the prices to go up. Ron Paul
One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught. Jeremy Grantham
If you’re afraid of inflation, I think – and if you can bring yourself to have a long horizon – and when I say long, I mean ten to 20 years, not the usual ten to 20 weeks – that locking up resources in the ground is a terrific idea. Jeremy Grantham
The [pay] policy is principally designed to hold down wages rather than to check inflation. Inflation is being used as an excuse to destroy free trade union bargaining. Tony Benn, speech House of Commons 7 November 1973
The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. Vince Cable
Hyperinflation is not going to happen in this country, will never happen ... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what’s necessary to keep inflation low and stable over time. Timothy Geithner, This Week with George Stephanopoulos 29 March 2009
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money i.e. for cash holdings. Ludwig von Mises The Free Market and Its Enemies, speech Foundation for Economic Education 1951
Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible. Paul Ormerod, The Death of Economics: Unemployment and Inflation II:6 ch6 p13 1994
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment. ibid. p130
I think Nigel [Lawson] was looking for an excuse to resign because of the inflation he had created. Margaret Thatcher
Inflation has now reached double figures: the real one and the one we made up. Spitting Image s8e1, statement by chancellor John Major, ITV 1990
Hayek would always see inflation as an evil that corroded society and undermined democracy. The fight against inflation became a cornerstone of his economic philosophy. Hayek v Keynes, Youtube 2011
By June 1989 inflation in Argentina had reached a monthly rate of 100%. Niall Ferguson, The Ascent of Money e2: Human Bondage, Channel 4 2008
Inflation in Venezuela is now the highest in the world. The healthcare system has collapsed. More than 30% of the population doesn’t have food. And many people don’t have access to fresh water or electricity. By the end of this year it’s expected that more than six million people will have left Venezuela, more than 20% of the entire population. Our World: Venezuela Falling Backwards, BBC 2020
Inflation is spreading broadly into the economy. Amid surging costs, companies raise prices, and customers pay them, despite weak economy, ten million jobs … The signs of inflation building up in the economy are everywhere. wolfstreet online
Presenter: Simply flooded the system with money
Jerome Powell: Yes, we did. The Great Reset & the Rise of Bitcoin, 60 Minutes interview, 2022
Which means you need to print money to solve that debt. ibid. Greg Foss
And with each cycle, our economy continues accumulating debt indefinitely because we prefer borrowing to repaying debt. ibid. commentary
Governments will never show us the true inflation numbers, and they will not attribute it: 356% as share of GDP. ibid.
We can see the sharp increase of the global debt even in just the most recent years. ibid.
These solutions are not necessarity in the best interests of citizens and their personal freedom … The Great Reset … Part of their plan is the creation of central bank currencies – CBDCs. This would allow central banks to have a new monetary system that they could detach from the present one. ibid.
Decentralisation in Bitcoin is the fact that no-one controls the network. It is an open, secure network. ibid.
No other assets in the world provides this level of security. ibid.
The reason they want to ban Bitcoin is they know the power that it has. ibid.
‘It is important to understand that the fiat system was not a carefully, consciously, or deliberately designed financial operating system like Bitcoin; rather, it evolved through a complex process of compromise between political constraints and expedience.’ ibid. Saifedean Ammous, The Fiat Standard
Bitcoin is a real asset and it’s here to stay. ibid.
If you’re a nurse, or a doctor, or a care worker, or a refuse collector, you may not have had a single real-terms pay rise in a decade. So it can hardly be true that it’s wages that are causing inflation. It’s profit-taking that’s causing inflation. Mick Lynch