Inflation is taxation without legislation.
Milton Friedman Quotes
And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?
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The price that the market sets on the services of our resources is similarly affected by a bewildering mixture of chance and choice. Frank Sinatra’s voice was highly valued in twentieth-century United States. Would it have been highly valued in twentieth-century India, if he had happened to be born and to live there?
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Milton Friedman (41)
Birth: | 31st July, 1912 |
Death: | 16th November, 2006 |
Nationality: | American |
Profession: | Author, Economist, Statistician |
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