Milton Friedman Quote - Liberty Quotes Blog

"Inflation is taxation without representation."

by:	Milton Friedman (1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"
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Categories:	Inflation, Oppression, Taxation
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Reader comments about this quote:

Sums it up in 5 words. -- jim k, Austin, Tx 1
Inflation is the means to control you by devaluing all you have worked for and is a direct result of the fiat currency produced without accountibility by the (not) Federal (no) Reserves(s) Bank. I love that the Dems say the Reps favor the rich when both parties get their marching orders from the ultra rich elite...ain't politics grand? End The Fed. Oh well...off to Walmart to buy some cheap crap produced by a communist regime... -- J Carlton, Calgary 1
The next step is an increase in interest rates. -- Ken, Spokane 1
We hold this truth to be self evident. When natural law's fiscal applications (for example: by weights and measure's — gold and silver coin) are criminally ignored by carnal demagogs while, replacing such with debt notes / funny money (enhanced through the 2nd plank of the communist manifesto's larceny with impunity) inflation acutely become a taxing oppression on the NON-represented slave. -- Mike, Norwalk 1
Milton Friedman's above statement was an ultimate fact. -- Mary, MI 1
-- jim k, Austin