Tuesday, 2 June 2026

The true tax

 

"Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.
    “If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing. The thing you should keep you eye on is government spending ...”
~ Milton Friedman on Money and Inflation, Q + A [13:44]

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