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

It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

Inflation is taxation without legislation.

Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.

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Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.

This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as 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.

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

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

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. But both are the refuge of political and economic opportunists.