Paul A. Volcker quote

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
Paul A. Volcker
Paul A. Volcker
Born: Sep 5, 1927

Topics

Inflation, Monthly, Percent, Fed, Terrible, Terrible Thing, Became, Got, Up, After, While, Double-Digit, Chairman, Thing, Basis

Links

Cite this page: Citation

Related Authors

Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Peter Navarro, Richard Thaler, Robert Reich, Thomas Sowell
Keeping at It: The Quest for Sound Money and Good Government
Keeping at It: The Quest for Sound Money and Good Government
on Amazon
Buy now

Quotes To Explore

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. Vladimir Lenin
Inflation Bourgeoisie Way Between Crush Grind Them Taxation
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
War Prosperity Political Inflation First Nation Ruin Temporary Both Economic Permanent Currency Refuge Second Bring Panacea
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes
Government Wealth Inflation Important Secretly Citizens Part Important Part Continuing Process
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. Ronald Reagan
Politics Man Inflation Robber Armed Deadly Hit Frightening Violent
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
History Exaggeration Inflation Think Say Governments Gain Engineered Largely
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
Time Best Silence Words Money Inflation Language Live Worse More Terrible Always Than Less
Inflation is the one form of taxation that can be imposed without legislation. Milton Friedman
Inflation Without Imposed Legislation Form Taxation
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
You Age Inflation Hair Pay Had Haircut Dollars Five Get Fifteen Used
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
Great Money Financial Inflation Will Power Savings Consider Savings Accounts Market Distant Purchasing Purchasing Power Emergency Cash More Investment Retirement Long-Term Longer Like Gnaw Goal Target Accounts Stocks Short-Term Fulfill Your Fund Funding Buying
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
People Wealth Inflation Way Having Take Openly Most Without Tax Them Taxes Universal Raise

More quotes?

Try another of these similiar topics.

About
Site pages
Top Quotes
Authors
Today's birthdays
Copyright © Quotesia 2024