Inflation is taxation without legislation. — Quoted

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“Inflation is taxation without legislation.”

Milton Friedman · Finance

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Milton Friedman

Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes.

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Milton Friedman

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.

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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.

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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.

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