Deflation Quotes

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend. ~ Michael Hudson

The U. S. is headed toward a period of business depression ... beginning within the next two years, which may exceed that which preceded the War ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation. ~ Irving Fisher

For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures. ~ Evan Davis

The unfolding time for the end of globalization or a worldwide deflation is much longer, certainly measured in years, if not decades. ~ John L. Casti

My distraction's my defense against this lack of inspiration Against this slow deflation Yeah the further the horizon The more it holds my gaze The foreground's out of focus but you know I kinda hope it's just a phase Just a phase. ~ Ani DiFranco

I have no idea who first coined the word 'Abenomics.' It was not my original term for the set of anti-deflation, growth-promotion policies I am now pursuing. ~ Shinzo Abe

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. ~ Michael Hudson

Ray then revealed the most simple and important distinction of all. There are only four things that move the price of assets: 1. inflation, 2. deflation, 3. rising economic growth, and 4. declining economic growth. ~ Anthony Robbins

Deflation isn't good, and inflation is easier to cure than deflation. ~ Robert Kiyosaki

A young man sat down beside him on the divan and, without any kind of preliminary, said, 'Is it a queer book?'
'No,' said Laurie.
'Oh,' said the young man, on a note of utter deflation. He got up and went away. ~ Mary Renault

Europeans have been deflating the language of anti-fascism ahead of a time when they might need it. ~ Douglas Murray

More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services. ~ Michael Hudson

See your disappointments as good fortune. One plan's deflation is another's inflation. ~ Jean Cocteau

And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have. ~ Kevin Brady

If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered ... I believe that banking institutions are more dangerous to our liberties than standing armies ... The issuing power should be taken from the banks and restored to the people to whom it properly belongs. ~ Thomas Jefferson

This law represents a cornerstone in a structure which is being built but is by no means completed
a structure intended to lessen the force of possible future depressions, to act as a protection to future administrations of the Government against the necessity of going deeply into debt to furnish relief to the needy
a law to flatten out the peaks and valleys of deflation and of inflation
in other words, a law that will take care of human needs and at the same time provide for the United States an economic structure of vastly greater soundness. ~ Franklin D. Roosevelt

Yet each disappointment Ted felt in his wife, each incremental deflation, was accompanied by a seizure of guilt; many years ago, he had taken the passion he felt for Susan and folded it in half, so he no longer had a drowning, helpless feeling when he glimpsed her beside him in bed: her ropy arms and soft, generous ass. Then he'd folded it in half again, so when he felt desire for Susan, it no longer brought with it an edgy terror of never being satisfied. Then in half again, so that feeling desire entailed no immediate need to act. Then in half again, so he hardly felt it. His desire was so small in the end that Ted could slip it inside his desk or a pocket and forget about it, and this gave him a feeling of safety and accomplishment, of having dismantled a perilous apparatus that might have crushed them both. Susan was baffled at first, then distraught; she'd hit him twice across the face; she'd run from the house in a thunderstorm and slept at a motel; she'd wrestled Ted to the bedroom floor in a pair of black crotchless underpants. But eventually a sort of amnesia had overtaken Susan; her rebellion and hurt had melted away, deliquesced into a sweet, eternal sunniness that was terrible in the way that life would be terrible, Ted supposed, without death to give it gravitas and shape. He'd presumed at first that her relentless cheer was mocking, another phase in her rebellion, until it came to him that Susan had forgotten how things were between them before Ted began to fold ~ Jennifer Egan

The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation. ~ Llewellyn Rockwell

Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s). ~ Niall Ferguson

We all view life through the lens of these experiences, but the Narcissist has something more, not just a lens but a prism that refracts and distorts incoming messages to avoid the intolerable feeling of shame. This means that you are never in control of how these people perceive you, or when you will be assaulted with some defensive maneuver that deflects their shame, prevents their deflation, or reinflates them after narcissistic injury.
Narcissists constantly dump – or project – unwanted parts of themselves onto other people. They then begin to behave as if others possess these unwanted pieces of themselves, and they may even succeed in getting others to feel as if they actually have those traits or feelings. This is an unconscious process for both the dumper and the dumpee, but what it means is that you end up being treated like the dirt they've brushed off their own psyches, or feeling the humiliation, the anger, the vulnerability, and worthlessness that they cannot tolerate themselves. ~ Sandy Hotchkiss

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation. ~ Ben Bernanke

Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon. ~ Michael Hudson

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear. ~ Gavyn Davies

Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing. ~ William McChesney Martin

To face deflation, you have to have people accepting it and not reacting to it. ~ Carlos Ghosn

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money. ~ Milton Friedman

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. ~ Ben Bernanke

You can't rule out deflation just because you've never seen it in your lifetime. ~ Greg Mankiw

Many moral advances have taken the form of a shift in sensibilities that made an action seem more ridiculous than sinful, such as dueling, bullfighting, and jingoistic war. And many effective social critics, such as Swift, Johnson, Voltaire, Twain, Oscar Wilde, Bertrand Russell, Tom Lehrer, and George Carlin have been smart-ass comedians rather than thundering prophets. What in our psychology allows the joke to be mightier than the sword?

Humor works by confronting an audience with an incongruity, which may be resolved by switching to another frame of reference. And in that alternative frame of reference, the butt of the joke occupies a lowly or undignified status. ...

Humor with a political or moral agenda can stealthily challenge a relational model that is second nature to an audience by forcing them to see that it leads to consequences that the rest of their minds recognize as absurd. ...

According to the 18th-century writer Mary Wortley Montagu, 'Satire should, like a polished razor keen / Wound with touch that's scarcely felt or seen.' But satire is seldom polished that keenly, and the butts of a joke may be all too aware of the subversive power of humor. They may react with a rage that is stoked by the intentional insult to a sacred value, the deflation of their dignity, and a realization that laughter indicates common knowledge of both. The lethal riots in 2005 provoked by the editorial cartoons in the Danish newspaper Jyllands-Posten ( ~ Steven Pinker

Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation. ~ Milton Friedman

If inflation is the genie, then deflation is the ogre that must be fought decisively, ~ Christine Lagarde

Deflation and secular stagnation are the risks of our time. ~ Lawrence Summers

When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income. ~ Michael Hudson

The slow cancellation of the future has been accompanied by a deflation of expectations. There can be few who believe that in the coming year a record as great as, say, the Stooges' Funhouse or Sly Stone's There's A Riot Goin' On will be released. Still less do we expect the kind of ruptures brought about by The Beatles or disco. The feeling of belatedness, of living after the gold rush, is as omnipresent as it is disavowed. Compare the fallow terrain of the current moment with the fecundity of previous periods and you will quickly be accused of 'nostalgia'. But the reliance of current artists on styles that were established long ago suggests that the current moment is in the grip of a formal nostalgia, of which more shortly.

It is not that nothing happened in the period when the slow cancellation of the future set in. On the contrary, those thirty years has been a time of massive, traumatic change. In the UK, the election of Margaret Thatcher had brought to an end the uneasy compromises of the so-called postwar social consensus. Thatcher's neoliberal programme in politics was reinforced by a transnational restructuring of the capitalist economy. The shift into so-called Post-Fordism – with globalization, ubiquitous computerization and the casualisation of labour – resulted in a complete transformation in the way that work and leisure were organised. In the last ten to fifteen years, meanwhile, the internet and mobile telecommunications technology have altered the ~ Mark Fisher

The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place. ~ Ben Bernanke

Deflation is defined as a general decline in prices, with emphasis on the word 'general.' ~ Ben Bernanke

Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets. ~ Michael Hudson

The evening is nearly over. Before long it will be last call and Good Night, Ladies. Only a few more minutes and exhilaration will start its inevitable leakage. Even the best, dizziest times have that moment of deflation when people realize that everything has already happened. But for now all possibilities are intact. ~ Jean Thompson