Finance Quote by Milton Friedman
“Inflation is taxation without legislation.”
About This Quote
Source Speech: Economic Freedom Lecture, 1970
Inflation erodes purchasing power like a hidden tax.
In simple terms: Inflation is a hidden tax.
Guard against inflation.
Themes
Mood
Type
When to use this quote
- budgeting
- investment
- policy analysis
- personal finance
Key Concepts
Questions to Reflect On
- How does inflation affect your savings?
- What strategies protect against hidden taxes?
Inflation can be hard to measure precisely.