Inflation: Everyone's illusion of wealth

Inflation: Everyone's illusion of wealth

We will never try to develop a strategy that wins on price. There is nothing unique about pricing.

We will never try to develop a strategy that wins on price. There is nothing unique about pricing.

Inflation is taxation without legislation

Inflation is taxation without legislation

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you read more

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

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

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

Only one fellow in ten thousand understands the currency question, and we meet him every day.

Only one fellow in ten thousand understands the currency question, and we meet him every day.

The first panacea for a mismanaged nation is inflation of the currency. The second is war. Both bring a temporary read more

The first panacea for a mismanaged nation is inflation of the currency. The second is war. Both bring a temporary prosperity. Both bring a permanent ruin.

Law of inflation: whatever goes up will go up some more.

Law of inflation: whatever goes up will go up some more.

Try to save money. Someday it may be valuable again.

Try to save money. Someday it may be valuable again.