Doug Casey Quotes

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.

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

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

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.

Printing money is the last resort of desperate governments when all other policies have failed.

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.

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.

Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.

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.

Not every business cycle has a financial crisis. Frequently they do.

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.

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.

In a great financial emergency nearly every country has, at one time or another, been tempted to confuse the monetary with the fiscal functions of the Treasury. To borrow by the issue of money seems to have a seductive charm hard to resist.

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

From now on, depressions will be scientifically created.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

Well, the chairman of Federal Reserve just made his move to rescue Barack Obama. We're gonna have QE3. We're gonna print some more money.

When the government runs out of lenders, it can do something that households are forbidden to do: print money.

The way you create deflation is you create an asset bubble.

Every time the market has corrected, since 2008, it's always been the Fed that's made the bottom. The Fed has always saved the market either by cutting rates, launching QE, or threatening to launch another round of QE.

Our government is printing money, and it's degrading the living standard of every person in America. It's the cause of frustration, anger, and confusion.

I believe that the root cause of every financial crisis, the root cause, is flawed government policies.