Inflation Quotes - page 9
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
James Chanos
In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.
Marc Faber
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
Steven Rattner
Our country is wallowing in a miasma of political and class conflict, of greed and special interest, with regard to budget deficits, inflation and rising unemployment, the threats of both a bloody war and a devastating recession. How did we get into this mess? Because the press, during the 1980s committed one of the greatest crimes of the 20th century. The media took a dive, caved in, and did not tell the American people the price they would eventually pay for Reaganomics.
Carl Rowan
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
Thomas Jefferson
Old-boy networks, alumni giving, affirmative action, sports, and diversity have pretty much put an end to classical meritocratic admissions. That decline of standards in admissions is perversely ironic, because at about the same time, a new campus ethos of grade inflation was predicated on the self-important notion that if you were smart enough to get into Princeton or Harvard, then Harvard and Princeton would make the necessary adjustments and concessions to make sure you graduated. The result of self-congratulation is that a Stanford graduate now usually knows less history than his Hillsdale counterpart. A successful self-made businessman can know a lot more about the economy than does a Harvard M. B. A.
Victor Davis Hanson
Government is doing the exact opposite of what really needs to be done. George Bush and Barack Obama have pumped trillions more in counterfeit currency and credit into an economy already deathly ill from such treatment. If it goes on, we stand to suffer hyperinflation (all inflation consists of, no matter what they told you in Economics 101, is government generation of phony money) followed by another, very possibly terminal depression. Before it's over, the country - if not the whole world - will be locked down under brutal military rule, and our species likely will never again know freedom, progress, or prosperity.
L. Neil Smith
