A Quote by Sumner Slichter

The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour.... Whether the nation succeeds in providing adequate security for retired workers depends in large measure upon the wage policies of trade unions.

Sumner Slichter

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About Adequate Age Cut Danger Depends Faster Greatest Hour Large Man Measure Nation Old Output Pensions Per Plan Policies Power Prices Providing Purchasing Purchasing Power Retired Rise Rising Rising Prices Security Succeeds Than Trade Trade Union Trade Unions Unions Wage Wages Whether Workers Would Year Years

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Sumner Slichter
American - Economist
1892 - 1959

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Peter Schiff

Farmers...can no longer keep up with rising demand; thus the outlook is for chronic scarcities and rising prices.

Lester R. Brown

We all know that housing prices are going up, but what most people don't realize is that this has become a family problem. Housing prices are rising twice as fast for families with kids.

Amelia Warren Tyagi

Women oftentimes are the ones making those economic decisions, sitting around the kitchen table and trying to figure out how to pay for rising gas prices or food prices or the health insurance costs.

Cathy McMorris Rodgers

Americans understand that rising drug prices, wage stagnation and inadequate infrastructure affect everyone, regardless of race.

Ted Lieu

The way prices are rising, the good old days are last week.

Les Dawson

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

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

Janet Yellen

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.

Kwasi Kwarteng

You can't tell me you can make any system or country work with low wages and high prices, and high wages with high prices don't mean anything when the prices eat up the wages and don't leave anything over.

Henry Ford

There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.

William Beveridge

The primitive fight-or-flight regions of our mammalian brains react to immediate danger. We instinctively run from an avalanche but the gradual retreat of a glacier, the portent of the far greater danger of rising temperatures and rising oceans, just doesn't get through to us in the same way.

David Olusoga

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

Walter Wriston

Women oftentimes are the ones making those economic decisions, sitting around the kitchen table and trying to figure out how to pay for rising gas prices or food prices or the health insurance costs. And I think that they see where they expect their leaders in Congress to also make those tough decisions.

Cathy McMorris Rodgers

Though the two issues may seem utterly unrelated, they do have this in common - both health care and higher education are realms of American life in which government has undermined the operation of market forces and caused artificially high prices. These are two arenas in which the Democrats now propose to do exactly the wrong thing. Their reform reinforces old errors and will infinitely compound the problem of rising prices.

Mona Charen

To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.

Lysander Spooner

A Quote by Sumner Slichter

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