Milton Friedman Quotes

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

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

When you get inflation, you get massive distortions of the economy.

During the past two decades, inflation has fallen to a low level in major industrial countries.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

Inflation is taxation without legislation.

Production is the only answer to inflation.

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.

Inflation is the crabgrass in your savings.

It's sort of like a teeter-totter; when interest rates go down, prices go up.

You have to change people’s minds to stop inflation.

Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

No one single thing that we do will control inflation

The natural tendency of the state is inflation.

The best measure of inflation is what is happening with commodity prices.

Basic Economics 101. It's the most complicated simple subject there is.

First, I think the science of monetary economics has clearly gotten better.

Deflation isn't good, and inflation is easier to cure than deflation.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.

I understand how the economy actually works.

When you are growing at a rapid rate, there is bound to be some inflation. I think a 5% rate of inflation is something that we should take in our stride.

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.