“Higher taxes never reduce the deficit” – Milton Friedman

„Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.“

Milton FriedmanMilton Friedman challenges the assumption that higher taxes automatically reduce government deficits.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

Milton Friedman offers a pointed critique of government spending policy and the effect of higher taxes on deficits.


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Quote image featuring Milton Friedman on taxes and government deficits

Milton Friedman (1912–2006) was an American economist and Nobel laureate, renowned for his contributions to microeconomics, monetarism, and his advocacy of free-market policies. He influenced economic policy in the US and worldwide.

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