A Quote by Warren Buffett
Inflation could be a very - is a likely consequence out of what's going on now.
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We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.
People who believe that they are going to be excommunicated and shamed, or whatever other dark things may happen to them, are much less likely to enter open, loving relationships. And they are also much less likely to have the self-esteem that is required to be monogamous and loving. And in consequence, they are much less likely to create families.
Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.
You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.
And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
If you tell someone, 'Hey, your daughter is going to win a Nobel Prize someday,' it makes it less likely. If you say, 'Your son is in danger of dropping out in the ninth grade,' it could make it more likely.
Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
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.
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.
The new law will create inflation whenever the trusts want inflation. From now on depressions will be scientifically created.
Since nostaglia is fueled by inflation, could it be that inflation is the result of a conspiracy by the people who are trying to palm off McGovern buttons and Howdy Doody puppets and their Aunt Thelma's toaster as antiques.
There was a time when going out to parties and dinner parties and clubs was an exciting thing to do. I'd wake up in the morning and immediately think, 'Now what am I doing tonight?' Now I'd be more likely to reach for a book.
If you're not clipping coupons before going to the grocery store, you're overspending. If you're ordering in or going out to dinner because you don't feel like cooking, you're overspending. If you're not tracking where your money is going, you're very likely overspending.
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