"We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is."

Inflation, Workers

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"We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is."

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"When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis."

Nick Clooney, American Politician

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"Inflation is the senility of democracies."

Sylvia T. Warner, American Author

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"Inflation is the crabgrass in your savings."

Robert Orben, American Entertainer

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"It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation."

Ludwig von Mises, Austrian Economist

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"We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is."

Shimon Peres, Israeli Statesman

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Explore more quotes by Shimon Peres

"Early in the morning, I fell in love with the girl that later on became my wife. At that time, we were so naive. I wanted to charm her, so I read her Capital by Marx. I thought somehow she would be convinced by the strength of his criticism about capital."

Love

"They thought that I was a man with reasonable judgment, so I was never under pressure from my parents; I could do whatever I wanted. I never had a negative word from them, nothing whatsoever."

Thought

"I was learning, as I did in the Ministry of Defense. I never knew, but I always learned."

Defence

"Television has made dictatorship impossible but democracy unbearable."

Democracy

"When you have two alternatives, the first thing you have to do is to look for the third that you didn't think about, that doesn't exist."

First

"I think I was a good student, because I jumped over a school. My main interest was basically history and literature. Sports were basically basketball and swimming at a pool. I was so happy."

History

"I worked with a group of people who argued day and night - professors, officials, the Minister of Finance - but there were decisions that I had to make."

Finance

"That was my first lesson from Ben-Gurion. Then I saw him making peace, and I saw him making war. He mobilized me before the war. The man was a very rare combination between a real intellectual and a born leader. There is a contradiction between the two."

Peace

"Later on, there were some problems with our navy, so he made me the head of the navy - all things that I hardly knew anything about. I was basically an ignorant young man."

Man

"He taught me literature, and he actually taught me how to read. He was my personal mentor."

Literature