What is Inflation?
When the quantity of paper money increases in the economy, purchasing power of the monetary unit drops which leads to price rise. This is called inflation.
Inflation is also called invisible tax.
Why Inflation is called Invisible Tax?
Inflation is called Invisible Tax since it is not directly imposed by the Government.
Central Bankers On Inflation
Inflation at its current level is due to high rate of increase in prices of vegetables, pulses and edible oils.
Ayn Rand on Inflation
Inflation is not caused by the actions of private citizens, but by the government, by an artificial expansion of the money supply required to support deficit spending.
Henry Youngman on Inflation
Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars worth of groceries. Today, a five year old can do it.
Sam Ewing on Inflation
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Milton Friedman on Inflation
Inflation is taxation without legislation.
Ernest Hemingway on Inflation
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.
John Maynard Keynes on Inflation
By continuing a process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
Warren Buffett on Inflation
If you forego ten hamburgers to purchase an investment; receive dividends which, after tax, buy two hamburgers; and receive, upon sale of your holdings, after-tax proceeds that will buy eight hamburgers, then you have had no real income from your investment, no matter how much it appreciated in dollars. You may feel richer, but you won’t eat richer.
The best assets you can have during inflation are your abilities.