Hyperinflation Quotes

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

The best way to destroy the capitalist system is to debauch the currency.

If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.

If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.

Look at the Weimar Republic and their hyperinflation in the early '20s. It didn't happen overnight. I've used the analogy, it's a lot like soybeans: you plant 'em, you wait. Conditions take some time. You need some sun; you need some water, but ultimately things start to grow, and are we in that phase or not?

Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.

Throughout history, every government that's printed money, the money has eventually gone to its ultimate value which is zero. Remember? The confederate dollar went to zero. The continental went to zero. That's what happens when you have a bank that's allowed to print as much money as it wants to.

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.

France is the country where the money falls apart and you can't tear the toilet paper.

We are opposed to swarms of Americans and other foreigners raising prices throughout Germany while millions of Germans are starving because of the increased prices. We are equally opposed to German profiteers and we are demanding that all be imprisoned.

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.

Austria, Germany and the U.S. South did not disappear as a result of their currencies' ruin. Although many people suffered, most people found a way to survive, life went on, and economic activity eventually resumed after the adoption of a 'reformed' or foreign medium of exchange.

I do know that throughout history, all paper money has eventually come back to its true value, which is zero.

When you give government the power to control the money supply, it grows like a tumor until it extinguishes society itself.

If the world's using bitcoin, governments won't be able to fund wars through inflation like they do today.

The inevitable consequence of a depreciated currency must be a rise of prices, usually greater than the actual percentage of depreciation. To meet this situation there came a device possible in no other commercial country. The Government fixed prices at which goods could be sold. This mediaeval device could be enforced only in a land where such State interference had been habitual, and, of course, could give to the notes the fictitious purchasing power only inside the country. After the Christian Science fashion, one had only to believe the notes were of value to make them so; but in the cold world outside German jurisdiction their value would be gauged by the chances of getting gold for them.

A disordered currency is one of the greatest political evils.

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.

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

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

We disagree with the way things are going in Venezuela that has brought thousands of refugees to Roraima.

Germany suffered most as a consequence of this Peace Treaty and the general insecurity which was bound to arise from it. The unemployment figure rose to a third of the number usually employed in the nation, which means, however, that by counting the families of the unemployed as well there were 26 million people in Germany out of a population of 65 millions faced by an absolutely hopeless future.

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.

The higher interest and higher inflation is a vicious cycle.