Skip to content

Politics Quote by Milton Friedman

“From the founding of the Republic to 1929, spending by governments at all levels, federal, state, and local, never exceeded 12 percent of the national income except in time of major war, and two-thirds of that was state and local spending. Federal spending typically amounted to 3 percent or less…” quote by Milton Friedman
Download Open image
““From the founding of the Republic to 1929, spending by governments at all levels, federal, state, and local, never exceeded 12 percent of the national income except in time of major war, and two-thirds of that was state and local spending. Federal spending typically amounted to 3 percent or less of the national income.””

Milton Friedman

2.7 out of 5 (7 ratings)

More by Milton Friedman

Explore all 444 Milton Friedman quotes

More Politics quotes

Browse all 44,899 Politics quotes