Thomas Sowell Quotes

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

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.

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

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.

The Fed [Federal Reserve System], whether it likes it or not, is required to provide adequate reserves to the banking system in order for the government to finance its needs, even when that is inflationary.

There's no such thing as a painless cure for inflation.

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

The natural tendency of the state is inflation.

Whip Inflation Now

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

I'm against using Petrobras to combat inflation.

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

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

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.

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.

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

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

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

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

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

No one single thing that we do will control inflation

Nothing so weakens governments as persistent inflation.

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