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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.”

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

“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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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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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! 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: GOVERNMENT SPENDING CAUSES INFLATION "Inflation is made in Washington because only Washington can create money, and any other attribution to other groups of inflation is wrong. Consumers don't produce it, producers don't produce it, the trade unions don't produce it. What produces it is too much government spending and too much government creation of money and nothing else."

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