Inflation is taxation without legislation
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Inflation is taxation without legislation.
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Meaning
This quote means rising prices quietly take purchasing power like a hidden tax.
About Author
Milton Friedman
Milton Friedman was an American economist and Nobel laureate, known for his contributions to economic theory and advocacy of free-market policies. His quotes often reflect innovation, analysis, and economic insight. Friedman inspires economists, policymakers, and students to explore economic principles, critical thinking, and the impact of markets on society.
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