quote by William Vickrey

The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.

— William Vickrey

Delightful Inflationary quotations

Perhaps it is one secret of their power that, having studied the fluctuations of prices, the [bankers] know that history is inflationary.

Asset-heavy businesses generally earn low rates of return - rates that often barely provide enough capital to fund the inflationary needs of the existing business, with nothing left over for real growth, for distribution to owners, or for acquisition of new businesses

Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.

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.

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat.

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

Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.

An alliance is like a chain. It is not made stronger by adding weak links to it. A great power like the United States gains no advantage and it loses prestige by offering, indeed peddling, its alliances to all and sundry. An alliance should be hard diplomatic currency, valuable and hard to get, and not inflationary paper from the mimeograph machine in the State Department.

According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.

What's going to happen - things we're doing are going to have some inflationary consequences.

In an inflationary world, a toll bridge (like company) would be a great thing to own because you've laid out the capital costs. You built it in old dollars and you don't have to keep replacing it.

What is happening, I think, it's really bigger than psychedelics, it's bigger than human evolution. We are not making the waves in this ocean. We are corks, riding the waves of the ocean. But we are privileged, by perhaps chance alone, to occupy a unique moment in the history of the universe. A moment when the universe goes through some kind of self-transforming, evolutionary, inflationary expansion. That's what's happening.

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.

Non-inflationary economic growth - an increase in the production of goods and services - is structurally necessary for the current money system to exist. That is what drives the relentless conversion of life into money.

One can always find inflationary models to explain whatever phenomenon is represented by the flavour of the month.

It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale.

I think it is inflationary. I think it actually is counterproductive in many ways. You end up costing jobs from people who are at the bottom rung of the economic ladder.

I think the concern over rising interest rates is ahead of itself because I think inflationary fears themselves might be premature.

In the nineteenth century, which was a dark and inflationary age in typography, man compositors were encouraged to stuff extra space between sentences. Generations of twentieth-century typists were then taught to do the same, by hitting the spacebar twice after every period. Your typing as well as your typesetting will benefit from unlearning this quaint Victorian habit.

I can spare a dime, brother, but in these morally inflationary times, a dime goes a lot farther if it's demanding work rather than adding to the indignity of relief.

If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary.

Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money.

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