Milton Friedman on True Tax: Government Spending, Inflation, and Borrowing

“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 in the form of borrowing.” - Milton Friedman https://x.com/BasedMikeLee/status/1870287755504205904