“Inflation is taxation without legislation” – Milton Friedman

„Inflation is taxation without legislation.“

Milton FriedmanMilton Friedman's quote on inflation and taxation explains how rising prices indirectly reduce purchasing power.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

The quote describes inflation as an indirect burden that reduces purchasing power without being imposed as a conventional tax.


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Inspirational Milton Friedman quote about inflation as taxation without legislation

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.

Quote by Ronald Reagan about government debt, inflation, and taxesCopyright © yoice.net – Quote Artwork
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"When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident." Ronald Reagan
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Quote about inflationary policy and its double robbery effect by Monika HausammannCopyright © yoice.net – Quote Artwork
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"Inflationary policy is thus robbery policy in a double sense: it robs people not only of their ownership of legitimately acquired goods and thus of the core and principle of freedom, but also of their drive to honest, sincere, responsible and sustainable dealings with fellow human beings and resources. Where such is not only not a taboo, but the order of the day, sooner or later ownership of one's own person and body will again be up for debate." Monika Hausammann
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Quote by Henry Hazlitt about inflation and its unavoidable economic consequencesCopyright © yoice.net – Quote Artwork
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"If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences." Henry Hazlitt
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Capitalism and Socialism – Quote by Milton FriedmanMilton Friedman quote about capitalism, socialism, voluntary exchange, and forceCopyright © yoice.net – Quote ArtworkQuote image featuring Milton Friedman on taxes and government deficitsCopyright © yoice.net – Quote Artwork“Higher taxes never reduce the deficit” – Milton Friedman