“Inflation Is the One Form of Taxation” – Milton Friedman

„Inflation is the one form of taxation that can be imposed without legislation.“

Milton FriedmanMilton Friedman on inflation as a form of taxation that can be imposed without explicit legislation.
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Milton Friedman was an American economist and a leading figure in the field of monetarism.

Milton Friedman describes inflation as an indirect burden that can arise without explicit legislation.


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Milton Friedman quote about inflation and taxation

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 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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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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