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Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.” “If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”

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Milton Friedman Quotes

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“Keep your eye on how much the Government is spending, because that is the true tax. YOU PAY FOR IT, either in the form of taxes, or indirectly in the form of inflation or debt.” — Milton Friedman
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“Keep your eye on how much the Government is spending, because that is the true tax. YOU PAY FOR IT, either in the form of taxes, or indirectly in the form of inflation or debt.” — Milton Friedman

Dr. Eli David

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My friend & mentor Milton Friedman on the federal budget: "There is no such thing as an unbalanced federal budget. YOU'RE PAYING FOR IT. If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or borrowing."
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My friend & mentor Milton Friedman on the federal budget: "There is no such thing as an unbalanced federal budget. YOU'RE PAYING FOR IT. If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or borrowing."

Steve Hanke

18,789 просмотров • 1 год назад

Milton Friedman said it best: “Keep your eye on how much the Government is spending, because that is the true tax. There is no such thing as an unbalanced budget. You PAY FOR IT either in the form of taxes, or indirectly in the form of inflation or debt.” Fact check: TRUE ✅
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Milton Friedman said it best: “Keep your eye on how much the Government is spending, because that is the true tax. There is no such thing as an unbalanced budget. You PAY FOR IT either in the form of taxes, or indirectly in the form of inflation or debt.” Fact check: TRUE ✅

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“Keep your eye on one thing and one thing only…. How much government is spending” -Milton Friedman
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"Keep your eye on one thing and one thing only, how much government is spending." - Milton Friedman
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“Keep your eye on one thing and one thing only, how much government is spending!” - Milton Friedman
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Keep your eye on ONE thing and ONE THING ONLY! How much Government is spending! That is the true tax …
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Milton Friedman: “If the federal government spends $450 billion, but only raises $400 billion in taxes, WHO pays the other $50 billion? Inflation is, from this point of view, a form of TAXATION. The difference is met by printing money or by borrowing from the public.” TRUE! ✅
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Milton Friedman: “If the federal government spends $450 billion, but only raises $400 billion in taxes, WHO pays the other $50 billion? Inflation is, from this point of view, a form of TAXATION. The difference is met by printing money or by borrowing from the public.” TRUE! ✅

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🇺🇸 MILTON FRIEDMAN: GOVERNMENT SPENDING IS TAXATION “The real tax on the American people is what government spends. If the federal government spends $450 billion and only raises $400 billion in taxes, who do you suppose pays that other $50 billion? You pay it, and I pay it, and one of the ways we pay it is by the tax, which we call inflation.”
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🇺🇸 MILTON FRIEDMAN: GOVERNMENT SPENDING IS TAXATION “The real tax on the American people is what government spends. If the federal government spends $450 billion and only raises $400 billion in taxes, who do you suppose pays that other $50 billion? You pay it, and I pay it, and one of the ways we pay it is by the tax, which we call inflation.”

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Wise words on the cause of inflation from Milton Friedman: "Inflation is made in Washington because only Washington can create money...What produces it is too much government spending and too much government creation of money and nothing else."
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One reason government has been able to keep taxes high is that much of the burden is hidden. 1) Withholding makes income taxes less visible by deducting them before workers receive their pay. 2) Terms such as “corporate taxes” make it seem like corporations, not people, are paying the taxes. Milton Friedman reminds us: “Business can’t pay taxes—only people can pay taxes.”
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One reason government has been able to keep taxes high is that much of the burden is hidden. 1) Withholding makes income taxes less visible by deducting them before workers receive their pay. 2) Terms such as “corporate taxes” make it seem like corporations, not people, are paying the taxes. Milton Friedman reminds us: “Business can’t pay taxes—only people can pay taxes.”

Milton Friedman Quotes

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Life is short. Enjoy it and make the best of it! Naval “It’s even briefer than that. Each moment just disappears. It’s gone. There’s only a present moment, and it’s gone instantly. So if you’re not there for it, if you’re stressed out, or you’re anxious, or you’re thinking about something else, you missed it. So the true wasted time is a time that you are not present for, when you are not there for it, when you are not doing the thing you want to do to the best of your capabilities such that you’re immersed in it. If you’re not immersed in this moment, then you’re wasting your time.” Chris Williamson
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Inflation is a function of federal spending We’d all do well to remember the wisdom of Milton Friedman, who taught that the cost of the federal government is measured not by the tax rate, but the rate of federal spending Congress spends too much That’s what’s driving up prices
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