Warren Buffett Quotes

The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.

Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.

If you appoint me, I will raise interest rates and choke off the inflation, and that will have bad political repercussions for you.

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

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

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 could be a very - is a likely consequence out of what's going on now.

What is the effect of unlimited coinage of silver in this country? and I invite your attention to this particularly, because it is a question of vital importance.

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.

Inflation is taxation without legislation.

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.

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

Republicans don't seem to mind taking inflation into account when the subject is tax rates.

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.

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.

If we continue to print new paychecks at the rate we've been adding them, that mitigates a lot of the damage of higher gasoline prices.

Now the truth is, a president really can't control the economy, although his policies do have some effect on it.

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

Political reactions from Wall Street, whether they [are] right of wrong, could eventually influence the real economy.

If, when Money is rais'd [inflation or devaluation], Goods keep the Prices they had before. Then all Goods exported are sold for a lesser Value abroad, and all Goods imported are sold dearer.

Advocates of pump priming forget that they are draining the well.

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.

Whether a president can truly improve, or damage, an economy remains an open question.