Quote by Milton Friedman

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

Inflation is the one form of taxation that can be imposed wi

Summary

This quote highlights the detrimental impact of inflation on people's financial well-being. Unlike traditional forms of taxation that require legislative approval, inflation silently erodes the purchasing power of individuals and businesses. As prices for goods and services rise, the value of money decreases, effectively reducing the economic power individuals possess. The quote serves as a reminder that inflation, driven by various economic factors and government policies, directly affects people's wallets without their explicit consent or awareness, making it an indirect, often unnoticed, form of taxation.

Topics

Inflation

By Milton Friedman

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