Marc Faber Quotes

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.

We have lost control over the financial system ... by printing much more money than in previous years.

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.

Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.

Our government is printing money, and it's degrading the living standard of every person in America. It's the cause of frustration, anger, and confusion.

You will never solve the American problems just by printing money.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

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.

The average standard of living of the average American is going to go down. That is the only way we can cope with our debt and trade deficit problems.

No nation has ever devalued itself into prosperity.

Well, the chairman of Federal Reserve just made his move to rescue Barack Obama. We're gonna have QE3. We're gonna print some more money.

When the government runs out of lenders, it can do something that households are forbidden to do: print money.

Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

Printing money - is it really the answer? ... If we just print a million dollars for every man, woman, and child in the country and handed it to them, won't that fix everything? Because in order to really look at printing - I like to take everything to the extreme.

The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

It's pointless to talk to Fed members about economics because they are academics who believe in money-printing. Some of them believe they didn't print enough, and so with these kinds of people, it is like running to the pope. What do you want to tell them?

We print money. The people that print the money is actually us. The government of the United States of America. By its very nature, we control that, and this system is there as representation of us.

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

The political ramifications of our festering financial and economic crisis have reached the sidewalks of New York, as well as other large and small cities across the US.