In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Alan Greenspan

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

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

Inflation is lower and more stable and the real business cycle fluctuations are more modest.
Martin Feldstein

Inflation is taxation without legislation.
Milton Friedman

Inflation is the crabgrass in your savings.
Robert Orben

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

Inflation is the senility of democracies.
Sylvia T. Warner

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

Inflation outstripped real wages for people who work for pay from others.
Tim Bishop

It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
Jon Corzine

It was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul A. Volcker

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

Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.
John W. Snow

Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.
John Conyers

Production is the only answer to inflation.
Chester Bowles

Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get.
Franklin Raines

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

The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
Karl Rove

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