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.

The best inflation quotes

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

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

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

4. 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

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

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

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

8. 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

9. The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. — Vladimir Lenin

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

11. 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

12. An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn’t describe today’s economy. — Mark Zandi

13. 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

14. It is a way to take people’s wealth from them without having to openly raise taxes. Inflation is the most universal tax of all. — Thomas Sowell

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

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

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

19. Inflation is a monetary phenomenon. It is made by or stopped by the central bank. — Milton Friedman

20. 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

21. 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

22. 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

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

24. Inflation is a monetary phenomenon. It is made by or stopped by the central bank. — Milton Friedman

25. 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

26. Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying. — Norman Lamont

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

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

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

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

31. 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

32. 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

33. I continue to believe that the American people have a love–hate relationship with inflation. They hate inflation but love everything that causes it. — William E. Simon

34. 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. — Ron Chernow

35. 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

36. Inflation is taxation without representation. — Milton Friedman

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

38. We now know that inflation results from all that deficit spending. — Ronald Reagan

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

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

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

42. Inflation is the one form of taxation that can be imposed without legislation. — Milton Friedman

43. Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying. — Norman Lamont

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

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

46. It is a way to take people’s wealth from them without having to openly raise taxes. Inflation is the most universal tax of all. — Thomas Sowell

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

48. It takes quite a bit of nerve for Democrats to complain about inflation. This reminds me of germs complaining about the disease. — Spiro T. Agnew

49. I continue to believe that the American people have a love–hate relationship with inflation. They hate inflation but love everything that causes it. — William E. Simon

50. 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

Conclusion

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.