Deflation quotes:

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Deflation and secular stagnation are the risks of our time. -- Lawrence Summers
Deflation isn't good, and inflation is easier to cure than deflation. -- Robert Kiyosaki
To face deflation, you have to have people accepting it and not reacting to it. -- Carlos Ghosn
Deflation is defined as a general decline in prices, with emphasis on the word 'general.' -- Ben Bernanke
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower. -- Jack Kemp
Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth. -- John Mellencamp
Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and heavily burdened with bad loans. -- Ben Bernanke
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound. -- Toshihiko Fukui
Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear. -- Gavyn Davies
And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have. -- Kevin Brady
For years, we've grown dependant on American consumers as the world's spenders of last resort. They've kept Europe out of recession, allowed China to industrialise, and prevented global deflation. But at the same time, they've not been looking after their own futures. -- Evan Davis
The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. -- Ben Bernanke
Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink. -- Michael Hudson
Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend. -- Michael Hudson
When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners. -- Michael Hudson
See your disappointments as good fortune. One plan's deflation is another's inflation. -- Jean Cocteau
You can't rule out deflation just because you've never seen it in your lifetime. -- Greg Mankiw
If inflation is the genie, then deflation is the ogre that must be fought decisively, -- Christine Lagarde
A little humiliation and ego deflation, now and then, is good for apprentices. Mine sighed miserably. -- Jim Butcher
Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing. -- William McChesney Martin
Her heart the damned thing had begun to race and she only hoped that the rapid inflation and deflation of her chest wasn't visible beneath her fitted bodice. -- Anna Godbersen
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation. -- Robert Kiyosaki
Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation. -- Ben Bernanke
My distraction's my defense against this lack of inspiration Against this slow deflation Yeah the further the horizon The more it holds my gaze The foreground's out of focus but you know I kinda hope it's just a phase Just a phase. -- Ani DiFranco
No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money. -- Milton Friedman
With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation. -- Catherine Austin Fitts
The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place. -- Ben Bernanke
The unfolding time for the end of globalization or a worldwide deflation is much longer, certainly measured in years, if not decades. -- John L. Casti
Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets. -- Michael Hudson
Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too much excess capacity in the world. -- Gary Shilling

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