Peter Schiff Quotes

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.

The best measure of inflation is what is happening with commodity prices.

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 everywhere and anywhere a monetary phenomenon.

The history of the twentieth century - America's century! - has been pretty much a history of rising prices.

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

During the past two decades, inflation has fallen to a low level in major industrial countries.

Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.

When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

Production is the only answer to inflation.

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.

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.

It's sort of like a teeter-totter; when interest rates go down, prices go up.

At the end of 1964, wholesale prices had been relatively stable for some years.

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

People forget how difficult it is to stop inflation or get it under control… I worry about it all the time.

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

The natural tendency of the state is inflation.

Nothing so weakens governments as persistent inflation.

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