Who said “Inflation is the one form of taxation that can be imposed without legislation.”?

Verified

Milton Friedman. A published source records them saying or writing it.

SourceAdapted from "Monetary Correction: A Proposal for Escalator Clauses to Reduce the Costs of Ending Inflation" (July 1974), see also AEI round table, July 1974.

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Authors A–Z
“Inflation is the one form of taxation that can be imposed without legislation.”
— Milton Friedman
VerifiedAdapted from "Monetary Correction: A Proposal for Escalator Clauses to Reduce the Costs of Ending Inflation" (July 1974), see also AEI round table, July 1974. · evidenceInflation

Cite this quote

For academic work, cite the original where you can: Adapted from "Monetary Correction: A Proposal for Escalator Clauses to Reduce the Costs of Ending Inflation" (July 1974), see also AEI round table, July 1974..

APA

Friedman, M. (n.d.). Inflation is the one form of taxation that can be imposed without legislation. [Quotation]. Famous Quotations Network. Retrieved October 24, 2026, from https://www.famous-quotations.com/quotes/24073-inflation-is-the-one-form-of-taxation-that/

MLA

Friedman, Milton. “Inflation is the one form of taxation that can be imposed without legislation.” Famous Quotations Network, https://www.famous-quotations.com/quotes/24073-inflation-is-the-one-form-of-taxation-that/. Accessed 24 Oct. 2026.

Chicago

Friedman, Milton. “Inflation is the one form of taxation that can be imposed without legislation.” Famous Quotations Network. Accessed October 24, 2026. https://www.famous-quotations.com/quotes/24073-inflation-is-the-one-form-of-taxation-that/.

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