Warren Buffett Quotes

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

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

Having a little inflation is like being a little bit pregnant.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.

We now have the worst of both worlds – not just inflation on the one side or stagnation on the other side, but both of them together. We have sort of “stagflation” situation.

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

Nothing so weakens governments as persistent inflation.

I think what the American people are going to see down the road is significant inflationary pressure as a result of all this government printed, you know, this new money that the government is putting in.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

The lesson is clear. Inflation devalues us all.

Inflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

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.

I think money is due for some sort of collapse. People are going to realize that money has a half-life, like radioactive elements.

Certainly, we are hurt by the high fuel prices because it raises our cost.

Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.

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.

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.

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.

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

All inflationary processes in history are related to political and moral crises.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose

Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.

The great fear of every patriot at this moment relates to our currency. The vast over issues of paper money have raised prices to such a pitch as to make the expenses of the Government enormous.... The poor suffer from this enormous inflation of currency. Beef is 1.25 per lb—Butter $4—Eggs 3—clothing is unobtainable ... coffee is $8—sugar 3, etc. so on. Shoes cannot be had under $50 to $60 the pr. for very common ones. God only knows where all this will stop.