Quote of the day - Milton Friedman
Inflation is the one form of taxation that can be imposed without legislation.
Milton Friedman
Labels: economics, inflation, Milton Friedman, Quote
"And indeed, the burden of Cassandra's "gift" is evident in mythology. She predicted the outcome of many disastrous events. In one memorable example, Cassandra announced the dire consequences of the Trojans accepting the infamous Wooden Horse from their Greek opponents. But as Apollo made certain, no one believed Cassandra when she warned her companions about the future. And this, in the end, was to be Cassandra's tragic fate."
Inflation is the one form of taxation that can be imposed without legislation.
Labels: economics, inflation, Milton Friedman, Quote
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