William E. Simon Quotes

You have to change people’s minds to stop inflation.

Inflation is everywhere and anywhere a monetary phenomenon.

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.

Inflation is taxation without legislation.

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

Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

When you get inflation, you get massive distortions of the economy.

The natural tendency of the state is inflation.

In the United States, after World War II, it took about two decades for the message to slowly seep in that inflation was going to be a permanent fact of the American way of life.

Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

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.

Inflation is the crabgrass in your savings.

Domestic inflation reflects domestic monetary policy.

Let's turn inflation over to the post office. That'll slow it down.

Nothing so weakens governments as persistent inflation.

We have to remember there is not a big printing press in Washington that continually prints money over and over.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

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.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

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.

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.