Herbert Hoover quote

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There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.
Herbert Hoover
Herbert Hoover
Herbert Hoover
Born: Aug 10, 1874
Died: Oct 20, 1964

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Inflation, Three, First, Nation, Meet, Ways, Unpaid, Only, Taxation, Bills, Second, Third

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Abraham Lincoln, Barack Obama, Donald Trump, Franklin D. Roosevelt, John F. Kennedy, Ronald Reagan, Theodore Roosevelt, Thomas Jefferson
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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
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Less is always more. The best language is silence. We live in a time of a terrible inflation of words, and it is worse than the inflation of money. Eduardo Galeano
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Inflation is the one form of taxation that can be imposed without legislation. Milton Friedman
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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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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
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It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all. Thomas Sowell
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