Quote #37
Inflation is the one form of taxation that can be imposed without legislation.
More from Milton Friedman
- If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallac…
- The business of business is business.
- I am a limited-government libertarian.
- The government solution to a problem is usually as bad as the problem.
- Is it really true that political self-interest is somehow nobler than economic self-interest?
- We don't have a desperate need to grow. We have a desperate desire to grow.
- Hell hath no fury like a bureaucrat scorned.
- We have a system that increasingly taxes work and subsidizes non-work.