“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. Schiff 40
American entrepreneur, economist and author 1963

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“Today, of course, our current inflation problem is firmly rooted in the irresponsible monetary policies of maestro Greenspan.”

Peter D. Schiff (1963) American entrepreneur, economist and author

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“Economic life, as always, is a matrix in which result becomes cause and cause becomes result.”

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Source: Money: Whence It Came, Where It Went (1975), Chapter XIV, When The Money Stopped, p. 192

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“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.”

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.

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