There is always more money to be made by creating inflation.” This quote, from famed economist Milton Friedman, underscores one of the most important reasons to start and own a business. Inflation creates an environment in which businesses can grow and prosper because prices are constantly rising, making it easier for companies to increase their profits. If you’re an entrepreneur looking to get started or expand your business, it’s important to understand the effects of inflation and how to capitalize on them. Check out this compilation of quotes about inflation to learn more.

1. I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk. — Robert J. Shiller

2. On the issue of inflation, I think I could solve it no matter how much money it took. — Pat Paulsen

3. Big business is not dangerous because it is big, but because its bigness is an unwholesome inflation created by privileges and exemptions which it ought not to enjoy. — Woodrow Wilson

4. People concerned about inflation today tend to buy big houses and nice cars. — Robert Kiyosaki

5. The natural tendency of the state is inflation. — Murray Rothbard

6. Inflation, being a fraudulent invasion of property, could not take place on the free market. — Murray Rothbard

7. I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk. — Robert J. Shiller

8. If inflation–adjusted interest rates decline in a given country, its currency is likely to decline. — Ray Dalio

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

10. People concerned about inflation today tend to buy big houses and nice cars. — Robert Kiyosaki

11. Listening to Democrats complain about inflation is like listening to germs complain about disease. — Spiro T. Agnew

12. Inflation is determined by money supply growth. — Roger Bootle

13. If you want to slow medical inflation in the private sector, it makes sense to expand the government’s investment in private health care. — Timothy Noah

14. Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. — Ronald Reagan

15. Inflation could be a very–is a likely consequence out of what’s going on now. — Warren Buffett

16. What’s going to happen–things we’re doing are going to have some inflationary consequences. — Warren Buffett

17. Median wages of production workers, who comprise 80 percent of the workforce, haven’t risen in 30 years, adjusted for inflation. — Robert Reich

18. What’s going to happen–things we’re doing are going to have some inflationary consequences. — Warren Buffett

19. Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation. — Murray Rothbard

20. Labor is sacrificed on the inflation rates altar of oblation. — Richard Gwynn

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

22. Invest in inflation. It is the only thing going up. — Will Rogers

23. Labor is sacrificed on the inflation rates altar of oblation. — Richard Gwynn

24. Only government can cause inflation, preserve monopoly, and punish enterprise. — William F. Buckley

25. Most Americans are on a downward escalator. Median wage in the United States, adjusted for inflation, keeps on dropping. — Robert Reich

26. Domestic inflation reflects domestic monetary policy. — Martin Feldstein

27. On the issue of inflation, I think I could solve it no matter how much money it took. — Pat Paulsen

28. People concerned about inflation today tend to buy big houses and nice cars. — Robert Kiyosaki

29. Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. — Ronald Reagan

30. Inflation is taxation without representation. — Milton Friedman

31. Listening to Democrats complain about inflation is like listening to germs complain about disease. — Spiro T. Agnew

32. Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man. — Ronald Reagan

33. Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation. — Murray Rothbard

34. Inflation is taxation without representation. — Milton Friedman

35. Median wages of production workers, who comprise 80 percent of the workforce, haven’t risen in 30 years, adjusted for inflation. — Robert Reich

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

37. Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition. — Milton Friedman

38. As ‘Austrian’ business cycle theory has pointed out, any bank credit inflation sets up conditions for boom–and–bust; there is no need for prices actually to rise. — Murray Rothbard

39. Only government can cause inflation, preserve monopoly, and punish enterprise. — William F. Buckley

40. I regard the inflation acts as wrong in all ways. Personally I am one of the noble army of debtors, and can stand it if others can. But it is a wretched business. — Rutherford B. Hayes

41. Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression. — Milton Friedman

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

43. Inflation is when you pay fifteen dollars for the ten–dollar haircut you used to get for five dollars when you had hair. — Sam Ewing

44. You can’t continue to have higher education tuition grow at a multiple of the rate of inflation. — Mitt Romney

45. U]nemployment is … a side effect of the cure for inflation. — Milton Friedman

46. For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it. — Ron Paul

47. There are two main drivers of asset class returns–inflation and growth. — Ray Dalio

48. We should be disciplined and responsible and then our prosperity will be stable despite any economic crisis, inflation or a change of government — Sunday Adelaja

49. It’s very difficult for the middle class in America to keep up because of the inflationary pressure and the devaluation of the dollar. — Steve Wynn

50. On the issue of inflation, I think I could solve it no matter how much money it took. — Pat Paulsen

Inflation is a very complex issue to understand, but the quotes we have discussed in this blog post have provided some insight into the issue. Inflation can be beneficial in some cases, but it can also be harmful. It is important for us to understand the effects of inflation and to be mindful of its implications. By understanding inflation, we can make informed decisions that are beneficial to our economic well-being.