Currency Inflation Quotes

Long before we wake up from our dream of prosperity through an inflated currency, our gold … will have vanished and no rate of interest will tempt it to return.

We are becoming so accustomed to millions and billions of dollars that 'thousands' has almost passed out of the dictionary.

Want of Money in a Country discourages Labouring and Handicrafts Men (which are the chief Strength and Support of a People) from coming to settle in it, and induces many that were settled to leave the Country, and seek Entertainment and Employment in other Places, where they can be better paid …. A Plentiful Currency will encourage great Numbers of Labouring and Handicrafts Men to come and Settle in the Country

Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.

We don't really believe there's much room for the creation of new currencies if there is no real backing for a hard and credible issuer of that currency.

The modern banking system manufactures money out of nothing.

In November, 1919, in Western Russia, the peasants would sell me nothing for money, whereas my neighbor in the train bought all he wanted in exchange for small quantities of salt.

The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

In occupied Iraq, the introduction of new paper money took almost a year, 20 or so Boeing 747s, the mobilisation of the U.S. military's might, three printing firms, and hundreds of trucks.

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.

If that doomsday scenario happens, will it help if you have heaps of paper money? I don't think so.

We are on a crazy strategy with our central bank. It's good to have alternative ecosystems. It's not that the dollar will go away, but we need other options if it crashes or wildly inflates.

It was formerly a common expedient with kings and states to debase the coin, that they might the easier pay their debts in a depreciated currency;

Print some money and give it to us for the rain forests.

The mischief springs from the power which the monied interest derives from a paper currency, which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining in the different states.

Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits, can be created out of nothing and without limit, so they are not serious money.

I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.