“Inflation is the unhappy result of our monetary mismanagement and the ultimate cause of the coming economic collapse.”
Quotes from Crash Proof (2006)
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Peter D. Schiff40
American entrepreneur, economist and author 1963Related quotes
“Economic life, as always, is a matrix in which result becomes cause and cause becomes result.”
John Kenneth Galbraith (1908–2006) American economist and diplomat
Source: Money: Whence It Came, Where It Went (1975), Chapter XIV, When The Money Stopped, p. 192
George Selgin (1957) economist
In Defense of Monetarism (2008)
John James Cowperthwaite (1915–2006) British colonial administrator
March 29, 1967, page 249.
Official Report of Proceedings of the Hong Kong Legislative Council
Roy Jenkins (1920–2003) British politician, historian and writer
Hugh Anderson Memorial lecture at the Cambridge Union (28 February 1975), quoted in The Times (1 March 1975), p. 2
1970s
Olivier Blanchard (1948) French economist
" Monetary Policy; Science or Art? https://economics.mit.edu/files/742" (2006)
“Unhappiness is caused when we cannot let go of our memories.”
Jed Rubenfeld The Interpretation of Murder
Source: The Interpretation of Murder
Milton Friedman (1912–2006) American economist, statistician, and writer
The Counter-Revolution in Monetary Theory (1970) <!-- ([[w:Institute of Economic Affairs
Context: Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. … A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
“Isn't history ultimately the result of our fear of boredom?”
Emil M. Cioran book History and Utopia
History and Utopia (1960)