Quote of the day—Milton Friedman

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

Milton Friedman
[We are likely to get a lot of this in the near future.

But the main reason I was reminded of this was because of gun control without legislation being contemplated.

I wonder if there is a special name for that like “inflation” for taxation without legislation? Other than “unelectable” of course.—Joe]