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

Milton Friedman
Some Similar Quotes
  1. The people I distrust most are those who want to improve our lives but have only one course of action. - Frank Herbert

  2. Any fool can make a rule And any fool will mind it. - Henry David Thoreau

  3. Ever heard of the rule of three? he shouts as we run. No! If you save somebody's life three times, their life belongs to you. You saved my life today, that makes once. Save it twice more an I'm all yers. - Moira Young

  4. Law is made by the winner to preserve victory over the loser. - Toba Beta

  5. We must submit to God's righteous rule. - Lailah Gifty Akita

More Quotes By Milton Friedman
  1. A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

  2. I think that nothing is so important for freedom as recognizing in the law each individual’s natural right to property, and giving individuals a sense that they own something that they’re responsible for, that they have control over, and that they can dispose of.

  3. Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The scientist seeking to advance the frontiers of his discipline, the missionary seeking to convert infidels to the true faith, the philanthropist seeking to...

  4. The ICC [Interstate Commerce Commission] illustrates what might be called the natural history of government intervention. A real or fancied evil leads to demands to do something about it. A political coalition forms consisting of sincere, high-minded reformers and equally sincere interested parties. The incompatible...

  5. For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for...

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