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about Inflation Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighbourhood without moving. Alan Cranston Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. Ronald Reagan 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. Ernest Hemingway Steel prices cause inflation like wet sidewalks cause rain. Roger Blough When future historians look back on our way of curing inflation they'll probably compare it to bloodletting in the Middle Ages. Lee Iacocca The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes | |