Quote of the day - Milton Friedman
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
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."
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.
Labels: economics, inflation, Milton Friedman, Quote
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