"Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man"
- Ronald Reagan
About this Quote
This quote by Ronald Reagan is an effective metaphor for the destructive power of inflation. He is comparing inflation to a violent wrongdoer, suggesting that it can be just as destructive and damaging as a thug, an armed burglar, or a hitman. Reagan is emphasizing the truth that inflation can have a disastrous effect on an economy, and that it should be taken seriously. He is cautioning that if it is not addressed, it can have serious repercussions. Inflation can cause increasing costs, reduced buying power, and a decrease in the worth of cash. It can likewise lead to increased joblessness, decreased investment, and a reduction in financial growth. Reagan's quote is a suggestion that inflation should not be taken lightly, which it can have severe consequences if it is not attended to.
This quote is written / told by Ronald Reagan between February 6, 1911 and June 5, 2004. He was a famous President from USA.
The author also have 93 other quotes.
"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"
"I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments"
"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens"
"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"
"And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it"
