Charlie Munger Quotes

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

Inflation is the parent of unemployment and the unseen robber of those who have saved.

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

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

Inflation is taxation without legislation.

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.

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.

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

Inflation is everywhere and anywhere a monetary phenomenon.

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

Inflation appears to affect the entire electorate, though in reality those able to increase their earnings at the same rate of inflation would not suffer unduly.

Under the guise of fighting inflation, COLA actually creates it.

Americans have seen the value of the dollar slowly decline due to the steady erosion of inflation.

A penny will not buy a penny postcard or a penny whistle or a single piece of penny candy. It will not even, if you're managing the U.S. Mint, buy a penny.

The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.

I hope that more Canadians will become interested in in how the inflation rate target affects our purchasing power, our standard of living and therefore our life.

I think it is inflationary. I think it actually is counterproductive in many ways. You end up costing jobs from people who are at the bottom rung of the economic ladder.

Inflation has ... become the cruelest tax, destroying the value of the dollar and adding new costs to every purchase.

Inflation is essentially antidemocratic.

The lesson is clear. Inflation devalues us all.

Some idea of inflation comes from seeing a youngster get his first job at a salary you dreamed of as the culmination of your career.

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

Deflation isn't good, and inflation is easier to cure than deflation.

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.