Money Chaps

An unconventional food for thought 🤔 " SAVINGS ARE OVERATED".

Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. (Wikipedia)

Milton Friedman famously observed that inflation is taxation without legislation. Yet, when a bill so obviously depends on inflation as a mechanism to raise revenue as this one does, one should not be faulted for thinking that inflation is actually a component of legislation. (Jonathan Lubin)