Milton Friedman Quotes
Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay
Friedman, Milton, and Rose Friedman. Tyranny of the Status Quo. Harcourt Brace Jovanovich, 1984.
This is opposite to the view that the power to tax is the power to destroy. See Oliver Wendell Holmes {603715}, Daniel Webster {37299} and John Marshall {320000}.
This quotation was used throughout American history. See Oliver Wendell Holmes {603715}, Daniel Webster {37299}. Maurice L. Duplessis of Canada had a contrary variant: {600341}.
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. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.