Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. … A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

Inflation may be defined as any increase in the economy's supply of money not consisting of an increase in the stock of the money metal.

Five simple truths embody most of what we know about inflation: Inflation is a monetary phenomenon arising from a more rapid increase in the quantity of money than in output (though, of course, the reasons for the increase in money may be various). In today’s world government determines — or can determine — the quantity of money. There is only one cure for inflation: a slower rate of increase in the quantity of money. It takes time — measured in years, not months — for inflation to develop; it takes time for inflation to be cured. Unpleasant side effects of the cure are unavoidable.

Inflation is a simple idea: imagine that the universe begins in a tiny patch of space dominated by the potential energy of some scalar field, a kind of super-dense dark energy. This causes that patch to expand at a terrifically accelerated rate, smoothing out the density and diluting away any unwanted relics. Eventually the scalar field decays into ordinary matter and radiation, reheating the universe into a conventional Big Bang state, after which things proceed as normal.

one’s universe would appear very different from the vast bulk of space around it, which would still be inflating. In this picture, inflation is eternal. Some regions, indeed most of space, will go on inflating forever.

One can always find inflationary models to explain whatever phenomenon is represented by the flavour of the month.

Inflation is taxation without representation.

Every generation has to learn the lesson of inflation firsthand.

Inflation is the unhappy result of our monetary mismanagement and the ultimate cause of the coming economic collapse.

Money is always transitively valued. More money is supposedly always better than less money.

A constant in the history of money is that every remedy is reliably a source of new abuse.

The natural tendency of the state is inflation.

Monetary inflation became a thing for the first time since Roman days — a much easier trick with printed paper banknotes than with silver coins — but the effect was the same: the evaporation of “wealth” (which is what money supposedly represents).