FastSaying

Inflation is taxation without legislation

Milton Friedman

Milton Friedman

Inflation

Related Quotes

Inflation is taxation without legislation.
— Milton Friedman
InflationLegislationTaxation
Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?
— Milton Friedman
SocietyChinaFirst
If, for example, existing government intervention is minor, we shall attach a smaller weight to the negative effect of additional government intervention. This is an important reason why many earlier liberals, like Henry Simons, writing at a time when government was small by today's standards, were willing to have government undertake activities that today's liberals would not accept now that government has become so overgrown.
— Milton Friedman
ExampleGovernmentWeight
[Minimum Wage. In] Free to Choose, ... . . . the minimum wage law to be one of the most, if not the most anti-black law on the statute books.
— Milton Friedman
Law
In a bureaucratic system, useless work drives out useful work.
— Milton Friedman
Force