Yogi Berra Quotes

Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn't understand that is fooling themselves.

The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

No great nation that ever went off the gold standard ever remained great.

I got quarters in my loafers trying to fight inflation when it only used to take a cent.

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.

We're facing a natural disaster in the middle of an economic disaster. The federal government has to balance its budget the way our families do.

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

Russia has gone through eight years of continuing economic pain.

Inflation is the crabgrass in your savings.

What I have said to my team is that at a point such as this, with 40% adjustment in our currency, it means that Malawians are paying the price. While that is going on, they need to see, us, the commitment on our part, particularly right at the top. The political will needs to go through this with the people, side by side.

Inflation is one form of taxation that can be imposed without legislation.

Inflation is everywhere and anywhere a monetary phenomenon.

Long before we wake up from our dream of prosperity through an inflated currency, our gold … will have vanished and no rate of interest will tempt it to return.

Europe is on an economic collision course with reality.

When the economy shows signs of faltering, prompt countermoves are required. Even mild measures on the part of government can be effective in the early stages of an economic decline. ... If action is withheld until a recession has gained momentum, strong and costly measures may prove insufficient.

No nation has ever devalued itself into prosperity.

Bad money drives out good money.