A Quote by Margaret Thatcher

Inflation is the parent of unemployment and the unseen robber of those who have saved.

Margaret Thatcher

Quote Topics

Inflation Parent Robber Saved Those Unemployment Unseen

Quote Author

Margaret Thatcher
English - Leader
October 13, 1925 - April 8, 2013

In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.

Paul Ormerod

No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some control of income and prices. Otherwise the struggle for more consumption and more income to sustain it-a struggle that modern corporations, modern unions and modern democracy all facilitate and encourage-will drive up prices. Only heavy unemployment will then temper this upward thrust. Not many wish to confront the truth that the modern economy gives a choice only between inflation, unemployment, or controls.

John Kenneth Galbraith

Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.

Janet Yellen

If I was to ask you tonight if you were saved? Do you say 'Yes, I am saved'. When? 'Oh so and so preached, I got baptized and...' Are you saved? What are you saved from, hell? Are you saved from bitterness? Are you saved from lust? Are you saved from cheating? Are you saved from lying? Are you saved from bad manners? Are you saved from rebellion against your parents? Come on, what are you saved from?

Leonard Ravenhill

The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.

Murray Rothbard

We will not play with inflation. We are living a delicate moment. President Obama spoke to me today about the high unemployment affecting the United States. In this crisis period, when the developed nations are not recovering, it's prudent to maintain the established inflation target.

Dilma Rousseff

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

Ronald Reagan

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

Ludwig von Mises

It is impossible to be saved without the help of the Most Blessed Virgin, because those who are not saved by the justice of God are saved by the intercession of Mary.

Saint John Chrysostom

Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.

Paul Ormerod

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

With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.

Catherine Austin Fitts

We are a people trying not only to solve the problems of the present: unemployment, inflation... but we are attempting on a larger scale to fulfill the promise of America.

Barbara Jordan

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

Ludwig von Mises

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.