Ayn Rand on Inflation and Government Monetary Policy

„Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.“

Ayn RandAyn Rand on inflation, monetary expansion, and the impact of government deficit spending on people's savings.
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Ayn Rand was a Russian-American philosopher and writer known for her philosophy of Objectivism.

An economic policy quotation by Ayn Rand on inflation, monetary expansion, and the role of government deficit spending.


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Ayn Rand quote about inflation, government monetary policy, and deficit spending

Ayn Rand (1905–1982) was a Russian-born American novelist and philosopher best known for her novels "Atlas Shrugged" and "The Fountainhead." She developed the philosophy of Objectivism, which emphasizes reason, individualism, and capitalism as moral ideals.

Quote by Henry Hazlitt about inflation and its unavoidable economic consequencesCopyright © yoice.net – Quote Artwork
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"If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences." Henry Hazlitt
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Murray Rothbard quote about inflation and central banksCopyright © yoice.net – Quote Artwork
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"So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?" Murray Rothbard
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Quote about inflationary policy and its double robbery effect by Monika HausammannCopyright © yoice.net – Quote Artwork
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"Inflationary policy is thus robbery policy in a double sense: it robs people not only of their ownership of legitimately acquired goods and thus of the core and principle of freedom, but also of their drive to honest, sincere, responsible and sustainable dealings with fellow human beings and resources. Where such is not only not a taboo, but the order of the day, sooner or later ownership of one's own person and body will again be up for debate." Monika Hausammann
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Quote by Ronald Reagan about government debt, inflation, and taxesCopyright © yoice.net – Quote Artwork
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"When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident." Ronald Reagan
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