Ludwig von Mises Quotes

Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.

One man's wage increase is another man's price increase.

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

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

I regard the inflation acts as wrong in all ways. Personally I am one of the noble army of debtors, and can stand it if others can. But it is a wretched business.

The lesson is clear. Inflation devalues us all.

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

Inflation is taxation without legislation.

Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.

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 one form of taxation that can be imposed without legislation.

Inflation eats away at ties that bind us together as a people.

One man's wage rise is another man's price increase.

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.

It's very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar.

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.

I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.

Inflation is a form of tax, a tax that we all collectively must pay.

I don't believe in a redistribution of wealth.

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

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

While prices of goods continue to rise, American worker's wages remain stagnant.

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.