Hyperinflation Quotes

I want to price my next book and adjust it for the coming hyperinflation. So instead of the normal one dollar price, I'll charge $1,000,000.00. If I sell one copy now I'll be a happy man, and if I sell a million copies after hyperinflation hits in a few years then I'll be equally as happy. ~ Jarod Kintz

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it. ~ Eugene Fama

Corporations are getting better and better at seducing us into thinking the way they think - of profits as the telos and responsibility as something to be enshrined in symbol and evaded in reality. Cleverness as opposed to wisdom. Wanting and having instead of thinking and making. We cannot stop it. I suspect what'll happen is that there will be some sort of disaster - depression, hyperinflation - and then it'll be showtime: We'll either wake up and retake our freedom or we'll fall apart utterly. Like Rome - conqueror of its own people. ~ David Foster Wallace

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos. ~ Henry Hazlitt

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

Old enough to remember the arrival of 'Have a nice day', Patrick could only look with alarm on the hyperinflation of 'Have a great one'. Where would this Weimar of bullying cheerfulness end? 'You have a profound and meaningful day now. ~ Edward St. Aubyn

Bricks could be used to make a billion dollars. It's easy! All you need to do is fill up a shopping cart full of bricks, park it outside of a grocery store, and wait for the coming hyperinflation. Then, when some soccer mom walks by with a shopping cart full of cash, to purchase a loaf of bread, you trade your tangible assets for her imaginary money and boom! you are now a billionaire. ~ Jarod Kintz

Hyperinflation is not going to happen in this country, will never happen ... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time. ~ Timothy Geithner

Any investor unwise or patriotic enough to hang on to gilt-edged securities (consols or the new UK War Loans) would have suffered inflation-adjusted losses of -46 per cent by 1920. Even the real returns on British equities were negative (-27 per cent).51 Inflation in France and hyperinflation in Germany inflicted even more severe punishment on anyone rash enough to maintain large franc or Reichsmark balances. By 1923 holders of all kinds of German securities had lost everything, ~ Niall Ferguson

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all. ~ Thomas Sowell

Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%. ~ Steve Hanke