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.

Agency by agency we frequently have lost a bit of ground at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science technology and advanced education those predictions very well might have come true.

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

Inflation is as violent as a mugger as frightening as an armed robber and as deadly as a hit man.

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.

This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.

Inflation is bringing us true democracy. For the first time in history luxuries and necessities are selling at the same price.

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.

Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.

And so our goal on health care is if we can get instead of health care costs going up 6 percent a year it's going up at the level of inflation maybe just slightly above inflation we've made huge progress. And by the way that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.

By a continuing process of inflation government can confiscate secretly and unobserved an important part of the wealth of their citizens.

In the absence of the gold standard there is no way to protect savings from confiscation through inflation. There is no safe store of value.

Inflation is taxation without legislation.

The Great Inflation of the 1970s destroyed faith in paper assets because if you held a bond suddenly the bond was worth much less money than it was before.

It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation a barrel of crude oil now sells for three times its long-run average. The large western oil companies which cartellised the industry for much of the 20th century are now selling more oil than they find and are thus in the throes of liquidation.

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