Favorite Milton Friedman Quotes

There are a lot of these floating around right now, given the recent passing of Milton Friedman.

Still, I was reading the latest issue of Forbes magazine (the 2007 Investment Guide issue), and there were a few more I wanted to call out, mainly for their clarity and brevity.

“A society that puts equality ahead of freedom will end up with neither equality nor freedom.”

“Nothing is so permanent as a temporary government program.”

“Inflation is taxation without legislation.”

That last one is particularly topical for me of late, as I’ve been thinking about long term investment returns, retirement, and the amazing burden that inflation puts on planning for the future. My next post will feature a bit of a tongue-in-cheek reference to the monetary monster.