Friedman Inflation Quotes

#1. Inflation is the one form of taxation that can be imposed without legislation.

Milton Friedman

#2. If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

Milton Friedman

#3. Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.

Milton Friedman

#4. Democracy, disciplined and enlightened, is the finest thing in the world.

Mahatma Gandhi

#5. No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.

Milton Friedman

#6. My job is being 'Mrs. Ronald Reagan.'

Nancy Reagan

#7. The omnipotence of evil has never resulted in anything but fruitless efforts. Our thoughts always escape from whoever tries to smother them.

Victor Hugo

#8. Retiring is one thing. Being retired is something else altogether.

Mike Wallace

#9. It is an axiom of political science in the United States that the sole means of neutralizing the effects of newspapers is to multiply their number.

Alexis De Tocqueville

#10. We were peering into this darkness, crisscrossed with voices, when the change took place: the only real, great change I've ever happened to witness, and compared to it the rest is nothing

Italo Calvino

#11. Inflation is always and everywhere a monetary phenomenon.

Milton Friedman

#12. The crux of the biscuit is: If it entertains you, fine. Enjoy it. If it doesn't, then blow it out your ass. I do it to amuse myself. If I like it, I release it. If somebody else likes it, that's a bonus.

Frank Zappa

#13. There are two critical points in every aerial flight-its beginning and its end.

Alexander Graham Bell

#14. Rage is caused by a conviction, almost comic in its optimistic origins (however tragic in its effects), that a given frustration has not been written into the contract of life.

Alain De Botton

#15. Nothing on 'Relapse' and very little on 'Recovery' was produced by me.

Eminem

#16. Inflation is a monetary phenomenon. It is made by or stopped by the central bank.

Milton Friedman

#17. One day, perhaps, you will see for yourself that regrets are as nothing. The value lies in how they are answered.

Steven Erikson

#18. Inflation is taxation without legislation

Milton Friedman

#19. It has long been known for sure that the sight of tasty food makes a hungry man's mouth water; also lack of appetite has always been regarded as an undesirable phenomenon, from which one might conclude that appetite is essentially linked with the process of digestion.

Ivan Pavlov

#20. Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.

Niall Ferguson

#21. The mind is the attribute of man. When man is born, he comes into existence with only one weapon with him
The reasoning mind.

Ayn Rand

#22. Inflation is taxation without representation.

Milton Friedman

#23. Rapid increases in the quantity of money produce inflation. Sharp decreases produce depression.

Milton Friedman

#24. [U]nemployment is ... a side effect of the cure for inflation.

Milton Friedman